ChatGPT Maker OpenAI Stays Private to Make Unconventional Choices

Sam Altman, the CEO of OpenAI, has stated that the company has no intention of going public in the future. The decision has been made to maintain control over the development of the company’s technology, especially as it becomes increasingly sophisticated. Altman believes that the company will eventually make decisions that public market investors will view as strange in the future as the company develops superintelligence, and he wishes to maintain his independence and avoid any conflicts of interest. During his travels across Europe, the Middle East and Asia, Altman has emphasized his willingness to work with regulators to develop frameworks that will reduce the potential harm from AI. The tour has included meetings with lawmakers and officials in countries that are beginning to create rules to govern AI technologies. Before coming to Europe, Altman spoke in Washington and called for more regulation, stating that his “greatest fear” was that the technology would cause significant harm.