Per Fortune
OpenAI founder says he doesn't want the company to go public to retain full control
6/8/2023
OpenAI has become one of the most popular companies not just in the AI space but in the tech space in general since the launch of its ChatGPT. Now, its CEO says that he wants the company to remain public because he wants to retain control.
OpenAI CEO Sam Altman also revealed that he doesn't own any equity in the company. The CEO gave a statement regarding how certain decisions made by the company might not sit well with public market investors.
Altman: “When we develop superintelligence, we’re likely to make some decisions that public market investors would view very strangely,”
Sam Altman was present in a recent Abu Dhabi event, where he shared how he wanted full autonomy from the company's shareholders.
Altmant: “The chance that we have to make a very strange decision someday is nontrivial... I don’t want to be sued by…public market, Wall Street, etc.”
The OpenAI CEO did not clarify what he meant when he said, "very strange decision." As of press time, the company is valued at around $30 billion after Microsoft recently backed the company with $10 billion.
Recently, Microsoft expanded its ChatGPT integration to some of its other services. Now, the artificial intelligence will be available for government users through Azure Government cloud service access.
This comes as the company integrated ChatGPT to its Bing chatbot and other services. Azure Government already has many federal government customers, including the Defense Department, Energy Department, and NASA.
It was also noted that the Defense Technical Information Center would experiment with OpenAI models once they become available through Azure Government.
Recently, the CEO of BlackRock, Larry Fink, commented on how he thought AI would be able to boost productivity by 30%. This comes as his company has already been involved in AI with a team called AI Labs, established five years ago, focusing mainly on machine learning and natural language processing.
See flow at unusualwhales.com/flow.
Other News:
- Microsoft to add ChatGPT access to Azure Government cloud service
- BlackRock CEO Larry Fink thinks AI will boost productivity by 30%
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