AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
1min snip
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.
00:00
Transcript
Episode notes
Get the Snipd
podcast app
Unlock the knowledge in podcasts with the podcast player of the future.
AI-powered
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode
Save any
moment
Hear something you like? Tap your headphones to save it with AI-generated key takeaways
Share
& Export
Send highlights to Twitter, WhatsApp or export them to Notion, Readwise & more
AI-powered
podcast player
Listen to all your favourite podcasts with AI-powered features
Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode