I don't dispute that they say that at all. Therein lies the tension -having multiple goals. The goal is to uphold the mission, and also to make a profit, and the mission comes first.
Im not saying one party is right or wrong, just pointing out that there is bound to be conflict when you give employees a bunch of profit based stock rewards, Bring in in 11B in VC investment looking for returns, and then have external oversight with all the control setting the balance between profit and mission.
The disclaimer says "It would be wise to see the the investment in OpenAI Global in the spirit of a donation, with the understanding that it may be difficult to know what role money will play in a post-AGI world"
That doesnt mean investors and employees wont want money, and few will be scared off by owning a company so wildly successful that it ushers in a post scarcity world.
You have partners and employees that want to make profit, and that is fundamental to why some of them are there, especially Microsoft. The expectation of possible profits are clear, because that is why the company exists, and why microsoft has a deal where they get 75% of profit until they recoup their 11 Billion investment. I read the returns are capped at 100X investment, so if holds true, Microsoft returns are capped at 1.1 Trillion dollars.
> Returns for our first round of investors are capped at 100x their investment (commensurate with the risks in front of us), and we expect this multiple to be lower for future rounds as we make further progress.
1t would be the 100x times 10B. I guess in absence of public information, we could assume anything. Default terms of unlimited, 100x for 1T or some arbitrarily lower number
Im not saying one party is right or wrong, just pointing out that there is bound to be conflict when you give employees a bunch of profit based stock rewards, Bring in in 11B in VC investment looking for returns, and then have external oversight with all the control setting the balance between profit and mission.
The disclaimer says "It would be wise to see the the investment in OpenAI Global in the spirit of a donation, with the understanding that it may be difficult to know what role money will play in a post-AGI world"
That doesnt mean investors and employees wont want money, and few will be scared off by owning a company so wildly successful that it ushers in a post scarcity world.
You have partners and employees that want to make profit, and that is fundamental to why some of them are there, especially Microsoft. The expectation of possible profits are clear, because that is why the company exists, and why microsoft has a deal where they get 75% of profit until they recoup their 11 Billion investment. I read the returns are capped at 100X investment, so if holds true, Microsoft returns are capped at 1.1 Trillion dollars.