HIBT Lab! OpenAI: Sam Altman
How I Built This with Guy Raz
Why did OpenAI become a For Profit organization?
OpenAI became a for-profit organization for several reasons. One reason is that they implemented a profit cap, limiting the amount of money employees and investors can earn from their equity. This allows for the fair distribution of profits to benefit the world. OpenAI also included provisions in their documents to prioritize safety. The board has the authority to wipe out everyone's equity value if necessary for safety reasons. Additionally, OpenAI can merge with other efforts to avoid a race condition. These unique features were crucial for OpenAI to access the required capital, which was expected to be significantly larger than initially anticipated.
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