Announcing a new structure for OpenAI which we've been working on for the past two years:
OpenAI
 @OpenAI
11 Mar 2019
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. openai.com/blog/openai-lp/

Mar 11, 2019 · 4:04 PM UTC

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Replying to @gdb
Any chance you could detail why a public benefit corp didn't fit your needs?
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Needed to custom-write rules like: - Fiduciary duty to the charter - Cap returns - Full control to OpenAI Nonprofit
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more replies
Replying to @gdb
Is this direction one of the reasons @elonmusk left?
Replying to @gdb
Will you be hiring domain experts in other fields who are excited about applying AI to develop solutions specific to their area of expertise.
Replying to @gdb
I really like the idea of capping returns at x100. This shows how ambitious you are about AGI; and that OpenAI is going to broadly distribute value added in the case of transformative beneficial AI. Plus it is easy to sell to potential investors.
Replying to @gdb
always thought that a structure like this would make most sense! great to see you advancing on your mission!!