zlacker

>>gdb+(OP)
I was buying it until he said that profit is “capped” at 100x of initial investment.

So someone who invests $10 million has their investment “capped” at $1 billion. Lol. Basically unlimited unless the company grew to a FAANG-scale market value.

>>window+Bc
We believe that if we do create AGI, we'll create orders of magnitude more value than any existing company.

>>gdb+vd
Is there some legal structure in place to prevent you from raising the cap as partners being to approach the 100x ROI?

>>nharad+8e
The nonprofit board retains full control, and can only take actions that will further our mission.

As described in our Charter (https://openai.com/charter/): that mission is to ensure that AGI benefits all of humanity.

>>gdb+ye
There's no mention of the governing legal framework, I presume it's a US state?

Also, what are the consequences for failing to meet the goals. "We commit to" could really have no legal basis depending on the prevailing legal environment.

Reading pessimistically I see the "we'll assist other efforts" as a way in which the spirit the charter is apparently offered in could be subverted -- you assist a private company and that company doesn't have anything like the charter and instead uses the technology and assistance to create private wealth/IP.

Being super pessimistic, when the Charter organisation gets close a parallel business can be started, which would automatically be "within 2 years" and so effort could then -- within the wording of the charter -- be diverted in to that private company.

A clause requiring those who wish to use any of the resources of the Charter company to also make developments available reciprocally would need to be added.

Rather like share-alike or other GPL-style license that require patent licensing to the upstream creators.