One of the saner reasons for this structure is that the non-profit owns the things the for-profit works on. If the for-profit goes under, all things are still owned by the non-profit, so some large tech company can’t swoop in and yoink anything available.
This includes any and all data generated by the for-profit, which means your data is “safe”.
It was some kind of non-profit previously right? What happens with the money paid for the shares they floated?
I think they’re playing the same game OpenAI is. Nonprofits can “own” for-profits.
No, it’s not rational or ethical or reasonable, but it’s a thing, because Capitalism gotta Capitalism.
One of the saner reasons for this structure is that the non-profit owns the things the for-profit works on. If the for-profit goes under, all things are still owned by the non-profit, so some large tech company can’t swoop in and yoink anything available.
This includes any and all data generated by the for-profit, which means your data is “safe”.
The non-profit could sell the for-profit, or it would inherit the debt of the for-profit if it didn’t bankrupt it.