Comment Re:IPO? (Score 1) 58
To be fair, the University of Pittsburgh Medical Center you are pointing to is not publicly traded, and cannot be publicly traded (so no IPO). Because it is not-for-profit.
The GP's point is presumably that there is an incongruity in combining "not-for-profit" with "IPO." That's true. Of course, in OpenAI's case, it is technically not the parent non-profit foundation conducting the IPO, but a for-profit entity it spun off and has a controlling stake in. I imagine the GP knows this and was being sarcastic about exactly this contorted structure.
By the way, if you're saying that the label "not-for-profit" has been stretched left and right beyond recognition, then yes I think I agree...