OpenAI LP: A Capped-Profit Company for Safe AGI Development

2024-11-19 14:30  28

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# OpenAI LP: A Capped-Profit Company for Safe AGI Development ## Mission ### Objective: Ensure artificial general intelligence (AGI) benefits all of humanity. ### Approach: Build safe AGI and share its benefits globally. ## Investment Challenges ### Exponential Growth: Rapid scaling due to increasing compute investments. ### Funding Limitations: Nonprofit status hindered significant funding acquisition. ### For-Profit Concerns: Fear of compromising mission integrity. ## OpenAI LP: A Hybrid Solution ### Capped-Profit Model: Investors and employees receive fixed returns upon mission success. ### Control Structure: Controlled by OpenAI Nonprofit's board. ### Investor Agreements: Prioritize mission over financial returns. ## Corporate Structure ### Board Composition: Majority non-financially interested members. ### Voting Rights: Only non-stakeholding board members vote on conflicting interests. ### Economic Returns: Capped returns for investors and employees; excess returns belong to the nonprofit. ## Day-to-Day Operations ### Focus: Developing new AI technologies, not commercial products. ### Flexibility: Long-term monetization strategy to be determined after safe AGI creation. ### Departments: #### Capabilities: Advancing AI functionalities. #### Safety: Ensuring alignment with human values. #### Policy: Governance for AI systems. ## Safety Concerns ### Rapid Change Risks: Misspecified goals, malicious use, uncontrolled economic growth. ### Alignment Strategy: Willing to merge with value-aligned organizations to prioritize safety. ## Leadership and Investors ### Board Members: Greg Brockman, Ilya Sutskever, Sam Altman, Adam D'Angelo, Holden Karnofsky, Reid Hoffman, Sue Yoon, Tasha McCauley. ### Investors: Reid Hoffman, Khosla Ventures. ### Elon Musk: Left the board in 2018, not involved with OpenAI LP. ## Conclusion ### Uncertain Path: Acknowledges the challenges ahead. ### Hiring: Invites contributions towards achieving the mission. ### Categories:
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