Posts Tagged ‘OpenAI’
Are Profit and Purpose Compatible? OpenAI’s Legal Battle
By Arthur Yolles When Sam Altman founded OpenAI as a nonprofit in 2015, its mission statement was to “[build] safe and beneficial artificial general intelligence for the benefit of humanity.”[1] This lofty endeavor attracted large-scale investors — namely Elon Musk.[2] Seeking to raise further capital, OpenAI switched to a “capped-profit” model in 2019 and, in…
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