Slate Money A Second Gold Toilet!?
27 snips
Nov 1, 2025 The discussion kicks off with OpenAI's shift from non-profit to for-profit, sparking debates about public benefit and oversight. Rising Affordable Care Act premiums are dissected, revealing the harsh realities of escalating health costs. The spotlight also shines on Maurizio Cattelan’s gold toilet, with a second one uncovered and set for auction amid soaring gold prices. From art to healthcare, the hosts weave together a tapestry of cultural commentary and financial insights!
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AGI Funding Drove The Pivot
- OpenAI's pivot to for-profit funding was driven by the massive projected cost of creating AGI.
- Sam Altman concluded charitable donations couldn't scale to finance AGI development, prompting investor-friendly structures.
ChatGPT's Value And External Costs
- ChatGPT's success made OpenAI hugely valuable and created investor returns (e.g., Microsoft's stake multiplying).
- The product's addictive design and scale raise societal harms and operational externalities.
Judge Governance, Not Just Labels
- Scrutinize governance composition, not just labels, when assessing corporate public-interest claims.
- Don't assume nonprofit ownership or PBC status ensures actions that favor public good.