OpenAI, the company behind ChatGPT, has no immediate plans of going public, said its CEO, Sam Altman, at a conference in Abu Dhabi. Altman cited fears of litigation from public markets and Wall Street as reasons for not taking the company public. OpenAI, which started as a non-profit organization, raised $10bn from Microsoft at a valuation of almost $30bn. Altman expressed confidence in the growth potential and opportunities of AI, but he and other scientists have warned about the impending threats of AI and demand for regulation. OpenAI had earlier criticised planned laws on AI in Europe before switching its view. Altman is on a world tour, meeting heads of state of several countries, including the UAE, Qatar, India, and South Korea.
ChatGPT’s CEO Sam Altman Holds Off on IPO to Avoid Legal Disputes with Parents Despite Microsoft Partnership
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
Obama’s Techno-Optimism Shifts as Democrats Navigate Changing Tech Landscape
Explore the evolution of tech policy from Obama's optimism to Harris's vision at the Democratic National Convention. What's next for Democrats in tech?
Tech Evolution: From Obama’s Optimism to Harris’s Vision
Explore the evolution of tech policy from Obama's optimism to Harris's vision at the Democratic National Convention. What's next for Democrats in tech?
Tonix Pharmaceuticals TNXP Shares Fall 14.61% After Q2 Earnings Report
Tonix Pharmaceuticals TNXP shares decline 14.61% post-Q2 earnings report. Evaluate investment strategy based on company updates and market dynamics.
The Future of Good Jobs: Why College Degrees are Essential through 2031
Discover the future of good jobs through 2031 and why college degrees are essential. Learn more about job projections and AI's influence.