Dr. Alexander Wissner-Gross

And no, OpenAI has not paid me for that statement.

I'll go further.

I think there is potentially an enormous upside depending on the outcome of this particular case.

I think there's so much societal value in this country locked up in nonprofits that would be unleashed if they could be for-profits.

I've made the point in the past, I think research universities in America have locked up, basically siloed and sequestered an enormous amount of real wealth that could be unleashed onto the world if nonprofits

many research universities could be restructured as public benefit corporations.

And right now, it's legally disadvantageous to restructure, say, an MIT or a Harvard as a PBC.

If we had a legal regime that enables us to basically do some variant of what OpenAI has just done and restructure as a public benefit corporation,

starting from a nonprofit granted they started as different types of nonprofits but nonetheless to restructure as a pbc i i ran the calculation i think i've mentioned this previously for harvard corporation for example this is not investment advice not forward-looking advice blah blah blah but if you took harvard as it's currently structured given its endowment and restructured it as a public benefit corporation sort of a conglomerate with a real estate arm

and an educational arm, maybe an educational nonprofit subsidiary, and a venture capital arm, and a research arm, and a merchandising arm, et cetera, et cetera, I calculated that Harvard would be worth potentially three to four times more the present book value of Harvard just from restructuring as a PBC.

A couple of thoughts.

One, the elephant in this particular room is OpenClaw.

It looms over so many anthropic product decisions right now.

I think there is a widespread expectation that some sort of product or functionality that has shaped something like a better version of OpenClaw

is probably going to be the next major unhobbling that motivates the industry and the world, frankly, to spend on the order of a trillion dollars per year on a single frontier vendor.

So I view clawed managed agents as well as a number of other recent features that Anthropic has launched through the lens of Anthropic becoming open claw faster than ever.

And the de facto OpenClaw-like provider faster than OpenAI or other frontier labs can become the default OpenClaw-like provider.

It's all about hosting 24-7, multimodal, broadly capable, long-time Horizon agents in a headless way that operate 24-7.

And I think if Anthropic can be the first to find the enterprise use case for operating fleets of AI agents at scale headlessly in a way that satisfies and generates an enormous amount of economic value, maybe they'll be the first frontier lab to generate a trillion dollars in revenue, or maybe it'll be someone else.

Have you created a lobster yet?