3 ms·
The structure doesn't make a lot of sense to me. A for-profit entity is for making a profit regardless of who governs it. It may in some way make the Effective
by strangattractor 3y ago
The structure doesn't make a lot of sense to me. A for-profit entity is for making a profit regardless of who governs it. It may in some way make the Effective Altruism people feel better about it but if they wanted that kind of control staying a non-profit was the way forward. Getting an $80 Billion valuation Effectively threw the Altruism out the window. Altman did what every SV CEO would do in his situation - the opportunity to dominate the sector presented itself and he moved to secure it. That is what CEOs do or they get fired. Not only that - that is what the employees want them to do because they get rich.
- ahepp 3y agoper FT: > What’s the point of all these subsidiaries? > They’re to give Microsoft a stake in the commercial bit while wearing no responsibility for the Asimov-y stuff that concerns the management layer. This seemed to suit both parties. “From the beginning, [Microsoft] accepted our capped equity offer and our request to leave [artificial general intelligence] technologies and governance for the Nonprofit and the rest of humanity,” they said in 2019. https://www.ft.com/content/6dd292c0-a551-4609-8649-f6b69b20f846 https://www.ft.com/content/6dd292c0-a551-4609-8649-f6b69b20f... (paywalled)