OpenAI shifts from nonprofit to ‘capped-profit’ to attract capital

OpenAI may not be quite so open going forward. The former nonprofit announced today that it is restructuring as a “capped-profit” company that cuts returns from investments past a certain point. But some worry that this move — or rather the way they made it — may result in making the innovative company no different from the other AI startups out there.
From now on, profits from any investment in the OpenAI LP (limited partnership, not limited profit) will be passed on to an overarching nonprofit company, which will disperse them as it sees fit. Profits in excess of a 100x return, that is.
In simplified terms, if you invested $10 million today, the profit cap will come into play only after that $10 million has generated $1 billion in returns. You can see why some people are concerned that this structure is “limited” in name only.
In a blog post, OpenAI explained


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SpaceX successfully lands its first-stage Falcon 9 rocket at Cape Canaveral

 Success all around for today’s SpaceX mission. The company successfully launched a Dragon spacecraft that is on its way to the International Space Station. SpaceX also successfully landed the first stage of its Falcon 9 rocket at Cape Canaveral. The weather was cloudy but it looks like it wasn’t enough to stop SpaceX from launching a rocket. At 9:39 ET, the Falcon 9 took off from… Read More


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EU mandates open access for all publicly funded research by 2020

eu comp council (2) European Union officials announced today that, starting in 2020, any research that owes its existence in some way to public funding must be freely accessible and reusable. Recommendations were also made to encourage investment and ease the passage of startup founders between various European states. The decision arose from a meeting of EU ministers at the Competitiveness Council in Brussels; in… Read More


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Only Robots Can Visit Deep-Sea Vents. Now You Can—In Glorious VR!

Only Robots Can Visit Deep-Sea Vents. Now You Can—In Glorious VR!

Deep-sea mining outfits are itching to exploit black smoker vents, which are loaded with precious metals like copper. An ROV is recording it for posterity. The post Only Robots Can Visit Deep-Sea Vents. Now You Can—In Glorious VR! appeared first on WIRED.


Original URL: http://www.wired.com/2016/05/robots-can-visit-deep-sea-vents-now-can-glorious-vr/

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Gerrymandering Is Even More Infuriating When You Can Actually See It

Gerrymandering Is Even More Infuriating When You Can Actually See It

One geographer used data to create visualizations of every congressional district across the 50 states. Some look truly ridiculous.

The post Gerrymandering Is Even More Infuriating When You Can Actually See It appeared first on WIRED.



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For the First Time in a Millennium, a Top Predator Returns

For the First Time in a Millennium, a Top Predator Returns

Top predators have been removed from many a food web, throwing entire ecosystems into disarray. Conservationists want to put them back, but it’s a complicated problem blending ecology, geography, and social tact.

The post For the First Time in a Millennium, a Top Predator Returns appeared first on WIRED.




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