The Prof G Pod with Scott Galloway
No Mercy / No Malice: Mammon
Dec 2, 2023
The podcast dives into the near collapse of OpenAI, framing it as a clash between capital and ideals. It critiques the shift from non-profit to for-profit, questioning the true commitment of corporations to social good. The discussion extends to the biases in advertising-driven businesses, highlighting the need for stronger government oversight. Listeners will reflect on the ethical implications of corporate behavior and the call for collective responsibility within capitalism.
18:29
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Quick takeaways
- Capital often overpowers altruistic missions, as seen in Open AI's transformation into a for-profit company.
- ESG investing is more about branding than substantial change, with average returns and higher expense ratios.
Deep dives
The Collapse of Open AI's Altruistic Mission
Open AI, founded with the mission to invent transformative technology and give it away for free, saw its ideals crushed when it took a billion-dollar investment from Microsoft and transformed into a for-profit company. This highlights the clash between capital and ideals, with capital ultimately smothering even the most altruistic missions. It also serves as a lesson on the decline of ESG investing, which purports to prioritize environmental, social, and governance concerns but often falls short in practice.
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