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Why Kagi launched "no use, no pay"

(getlago.substack.com)
83 points AnhTho_FR | 4 comments | | HN request time: 0.412s | source
1. rmholt ◴[] No.43549051[source]

Is there anything that prevents Kagi from doing an OpenAI and going for profit?

replies(2): >>43549216 #>>43554589 #
2. pbronez ◴[] No.43549216[source]

Kagi is already for profit, they just haven’t raised a huge amount of money:

> Kagi can afford this because they go further than being bootstrapped and profitable: As a Public Benefit Corporation, not beholden to maximizing shareholder value.

replies(1): >>43555453 #
3. FinnLobsien ◴[] No.43554589[source]

They are for profit, they're just a "public benefit corporation". I don't know exactly what that means and I don't think it comes with any obligations (like being a non-profit would).

It's the same status Patagonia has. I think it's more of a signal to investors (we won't maximize your gains) and a brand boost with the community.

4. graemep ◴[] No.43555453[source]

What is the actual difference?

As far as I can see it explicitly allows management to consider public benefit, which is something they can do anyway (certainly if the shareholders allow it).