Lex Fridman Podcast cover image

#367 – Sam Altman: OpenAI CEO on GPT-4, ChatGPT, and the Future of AI

Lex Fridman Podcast

00:00

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.

Transcript
Play full episode

The AI-powered Podcast Player

Save insights by tapping your headphones, chat with episodes, discover the best highlights - and more!
App store bannerPlay store banner
Get the app