OpenAI, a leader in research and development of artificial general intelligence (AGI), has made headlines with its pursuit of such a technology. Despite experiencing large financial losses of $540 million in 2022, the company still remains in pursuit of a staggering $100 billion to continue its research and development in AGI.
The primary cause of OpenAI’s financial struggles was an astronomical increase in expenses associated with the development of its chatbot. This is in addition to their pursuit of data sets, paying their top talent, and training machine-learning models. Despite experiencing a boost in revenue due to the launch of a paid version, the costs of production still continue to accumulate.
The data sets, previously free, are now being charged for entrance by sites like Reddit and Stackoverflow, so the tech firm is struggling here, as well. To attempt to raise the $100 billion, OpenAI’s CEO, Sam Altman, has been raising the potential of the idea, though this concept has demonstrated both pro’s and con’s in the space of AI technology.
OpenAI was co-founded in 2015 by Sam Altman and Elon Musk. Despite Musk attempting to take over the company as CEO in 2018, Sam Altman has continued to helm OpenAI’s strides in the pursuit of these new artificial intelligence innovations.
OpenAI remains undeterred in developing an AI system capable of enhancing its own abilities and facilitating the transition to AGI technology. The company continues to brave the financial storm and strive towards groundbreaking advancements in the field of artificial intelligence. These new advancements demonstrate the potential implications, with experts speculating about the emergence of an AI monopoly, and the issue of data cost being a point of contention.
