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#367 – Sam Altman: OpenAI CEO on GPT-4, ChatGPT, and the Future of AI
Lex Fridman Podcast
The Pros and Cons of Becoming a Capped Profit Organization
A nonprofit organization needed more capital than it could raise, so they created a subsidiary capped profit for investors and employees to earn a certain return, with everything else flowing to the nonprofit. This structure allows for non-standard decisions, protects from decisions not in shareholders' interest and was necessary to achieve their goals without succumbing to the drawbacks of either a nonprofit or for-profit model.
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