In practice the PPUs are basically equity for compensation purposes, though probably with worse terms than e.g. traditional RSUs.
Importantly, OpenAI is intentionally unprofitable and Profit Participation Unit holders have no voting rights to do much about that
In practice the PPUs are basically equity for compensation purposes, though probably with worse terms than e.g. traditional RSUs.
Importantly, OpenAI is intentionally unprofitable and Profit Participation Unit holders have no voting rights to do much about that