Why do you consider the joint stock corporation to be the most important invention of the industrial revolution?
Replied bySam Altman
Co-founder & CEO at OpenAI
Niche: AI
Revenue: Approx. $2 Billion/month
Location: San Francisco, California, United States
Started: 2015
Before corporations, businesses were limited to family trust. The joint stock corporation allowed sovereigns to grant status that let entities amass capital, protect liability, and align incentives. This invention is what enabled the rapid scaling of technologies during the industrial revolution.
0
From the Full Interview
This answer is part of a full interview with Sam Altman, Co-founder & CEO at OpenAI.
Share this Answer
Found this insight valuable? Share it with your network to help others learn from Sam Altman's experience.
Cite This Answer
Use this answer in your research, article, or academic work
Related Answers
What is the most effective strategy for standing out in today's job market?
By Shishir Mehrotra
AI
Approx. USD 30 Million/mo
What was the most transformative leadership lesson you learned from legendary coach Bill Campbell?
By Shishir Mehrotra
AI
Approx. USD 30 Million/mo
What would you do if you had unrestricted access to the most advanced AI models?
By Chungin Roy Lee
AI
$500K–$1M/mo
How did Geoffrey Hinton's team use ImageNet to spark the modern AI revolution?
By Dr. Fei-Fei Li
AI
Not Publicly Disclosed/mo
What parallels do you see between the early days of cloud computing and the current AI agent revolution?
By Harjot Gill
AI
Not Publicly Disclosed/mo
How does your joint Stanford neuroplasticity initiative seek to restore vision?
By Tom Siebel
AI
Approx. $20.8 Million/mo
How does the historical impact of the Industrial Revolution inform your view of the AI race?
By Dario Amodei
AI
Approx. $390 Million/mo