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/
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Any chance you could detail why a public benefit corp didn't fit your needs?
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Replying to @iandanforth
Needed to custom-write rules like: - Fiduciary duty to the charter - Cap returns - Full control to OpenAI Nonprofit

Mar 11, 2019 · 5:04 PM UTC

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Replying to @gdb @iandanforth
Why the intermediate LLC that is the sole partner of the LP? It’s like you took a @BCorporation structure and made it more complicated by layering a second entity underneath it.