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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Replying to @gwern @OpenAI
We will need to raise billions of dollars. If we do not, the Nonprofit would fail at its mission. We then needed a structure that let us custom-write (very unusual!) rules like the following: - Fiduciary duty to the charter - Cap returns - Full control to OpenAI Nonprofit

Mar 11, 2019 · 6:26 PM UTC

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Replying to @gdb @gwern @OpenAI
Are you that far down the road towards AGI that investing billions today makes sense?
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Replying to @gdb @gwern @OpenAI
Have you handed your organization over to an AGI decision-maker? Sounds like you're ignoring ethics and externalities in favor of doing whatever it takes to fulfill a vaguely defined mission, which is where a lot of dystopian sci-fi novels start. Also what you're trying to avoid.