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Why Kagi launched "no use, no pay"

(getlago.substack.com)
79 points AnhTho_FR | 2 comments | 01 Apr 25 11:05 UTC | HN request time: 0.508s | source
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rmholt ◴[01 Apr 25 16:59 UTC] No.43549051[source]▶
Is there anything that prevents Kagi from doing an OpenAI and going for profit?
replies(2): >>43549216 #>>43554589 #
1. pbronez ◴[01 Apr 25 17:12 UTC] 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 #
2. graemep ◴[02 Apr 25 11:00 UTC] 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).