Sam Altman, CEO of OpenAI, has stated that he has no intention of taking the company public in order to maintain full control over its decisions. Altman spoke at an Abu Dhabi event and stated that OpenAI may need to make decisions, such as developing superintelligence, that public market investors would view as strange. Altman wants to keep the ability to make decisions without the spectre of second-guessing, stating that the chance of making a very strange decision someday is non-trivial. Altman did not elaborate as to what a very strange decision would entail. Despite being a non-profit, OpenAI is not strapped for cash, with Microsoft investing over $10bn into the company. The company has a capped-profit structure and recently raised its value to nearly $30bn. Altman has called on Congress for more regulation on AI and also threatened to cease operations in the European Union over its stringent regulations.
OpenAI May Need to Make a Strange Decision If It Develops AI Superintelligence, Sam Altman Says
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