Artificial Intelligence (AI) firm OpenAI has ruled out the possibility of going public in the near future due to its very strange corporate structure. The company CEO, Sam Altman, said OpenAI’s structure could make the kind of decisions that most investors would find unusual, especially after the development of super intelligence. Altman revealed the complexity of OpenAI’s structure to a crowd at an Abu Dhabi conference, expressing his unwillingness to be sued by Wall Street or the public market. While OpenAI is a leading AI company, Altman sees an IPO as impossible due to the company’s unique organization. Microsoft’s Bing AI relies on OpenAI’s technology.
Unconventional Corporate Structure Makes OpenAI IPO Unlikely
Date:
Frequently Asked Questions (FAQs) Related to the Above News
Please note that the FAQs provided on this page are based on the news article published. While we strive to provide accurate and up-to-date information, it is always recommended to consult relevant authorities or professionals before making any decisions or taking action based on the FAQs or the news article.
More like thisRelated
Investment Banking Fees Surge as Wall Street Lenders Reap Rewards
Investment banking fees surge as Wall Street lenders reap rewards with a revival in dealmaking activity, driving up revenues for major banks.
Bugmapper: AI Revolutionizing Agriculture in Kayseri, Turkey
Bugmapper AI system revolutionizes greenhouse agriculture in Kayseri, Turkey, reducing pesticide use and enhancing food safety.
Bugmapper AI System Revolutionizes Greenhouse Agriculture in Kayseri, Turkey
Bugmapper AI system revolutionizes greenhouse agriculture in Kayseri, Turkey, reducing pesticide use and enhancing food safety.
Infosys Global Head of Strategic Sales Resigns, Hemant Lamba Steps Down
Hemant Lamba steps down as Infosys Global Head of Strategic Sales, leading to speculation in the tech industry.