OpenAI was founded in 2015 as a nonprofit with the mission of ensuring beneficial AGI for humanity. Its 2018 Charter established principles to govern its operations, including safety and cooperative development, even as it transitioned to a capped-profit model in 2019. This model aimed to maintain alignment with public interest while attracting funding. Recently, however, an open letter reveals plans to further restructure governance, jeopardizing these nonprofit principles and allowing private shareholders to control AGI development, potentially undermining their original mission of public benefit.
In 2019, OpenAI adopted a capped-profit model to balance between attracting investment and ensuring AGI development aligns with the public interest.
The 2018 Charter outlines core values such as broadly distributed benefits, long-term safety, and cooperative development, steering OpenAI's mission even after seeking investments.
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