
#367 – Sam Altman: OpenAI CEO on GPT-4, ChatGPT, and the Future of AI
Lex Fridman Podcast
00:00
The Nonprofit to Subsidiary Structure of OpenAI
OpenAI and DeepMind were initially mocked for discussing AGI. OpenAI started as a nonprofit but later realized they needed more capital. They decided to become a subsidiary capped profit to raise more funds. The nonprofit retains control and voting power, allowing them to make non-standard decisions, protect shareholder interests, and consider mergers. This structure has been crucial in guiding their decision-making process.
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