We’ve created OpenAI LP, a new “capped-profit” company that allows us to rapidly increase our investments in compute and talent while including checks and balances to actualize our mission.
This is a bit of inside baseball, but very long-term interesting for the field. OpenAI—to my knowledge the biggest independent research organization in AI today—just announced a change in its corporate structure that will enable it to attract more outside funding, while maintaining its mission as the prime directive of the combined entity. Its mission:
Our mission is to ensure that artificial general intelligence (AGI) benefits all of humanity, primarily by attempting to build safe AGI and share the benefits with the world.
Important development for an important organization. It’s quite hard to attract and retain AI talent without being able to provide equity-like returns.