The Prof G Pod with Scott Galloway cover image

The Prof G Pod with Scott Galloway

No Mercy / No Malice: Mammon

Dec 2, 2023
0
18:29
Snipd AI
This podcast explores the clash between capital and ideals in Open AI, the conflict between profit and altruism in companies, the decline of the ESG movement, the challenges of changing immoral conduct in business, and the importance of incentives and accountability for success.
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Podcast summary created with Snipd AI

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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