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Is OpenAI really a non-profit?

OpenAI started as a non-profit in 2015, aiming to develop AI for humanity's benefit. However, to attract the significant investment needed for advanced AI research, it later created a 'capped-profit' subsidiary. This structure allows it to raise capital while still theoretically prioritising its original mission, though its revenue projections, like the $50 billion mentioned, are now a key focus.

Stories that explain this

OpenAI expects $20 billion less revenue than first thought

Questions this opens up

Who funds OpenAI now? What is 'capped-profit'? Is Anthropic also non-profit?

Related explainers

Who owns OpenAI? Is OpenAI a non-profit? What about non-prescription costs? How does AI boost profits? Who are Anthropic and OpenAI? What are bank profits? How do bank profits affect me? Why are BP's profits important?

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