OpenAI Pivoting From "Benefiting Humanity" to "Making Lots of Money"

Quick Summary:

This week, OpenAI announced that it would be ripping control away from its non-profit arm, finally putting to bed any hope that the company was truly committed to developing an artificial general intelligence that would "benefit all of humanity".

Altman could also realize new equity worth billions of dollars as the company sidelines its nonprofit board.

The company has turned into a cash magnet in a matter of just two years, going from a $14 billion valuation in 2021 to potentially $150 billion this year, according to its latest round of fundraising.

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Article Details

Author / Journalist: Victor Tangermann

Category: Technology

Markets: United StatesMali

Topics: OpenAI Chatgpt Generative ai Sam altman Future Society

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-27 @ 19:01:48 (12 hours ago)

News Timezone: GMT +8:00

News Source URL: futurism.com

Language: English

Article Length: 672 words

Reading Time: 4 minutes read

Sentences: 20 lines

Sentence Length: 34 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Futurism

News ID: 22754592

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