OpenAI, the artificial intelligence venture behind ChatGPT and GPT-4, has seen incredible success despite deviating from the traditional business rule suggesting companies should focus on products that fill an obvious need. President Greg Brockman explained that when founding the company, he and the team spent multiple months in search for the best use for their A.I. tools, as opposed to only specializing in one field. This idea eventually led to OpenAI’s modern success, as they are now valued at nearly $30 billion.
OpenAI was founded in 2015, with a mission to create artificial general intelligence and ensure that it benefits all of humanity. This goal was initially viewed as a stretch, however those objectives have been met and the company is now carving out a larger role in the world of technology thanks to its financial backers, such as Microsoft, and successful products, like ChatGPT.
Greg Brockman, cofounder and President of OpenAI, was heavily involved in the search parties of the company’s purpose. With both GPT-3 and GPT-4 being powerful tools, the team had to decide how to use them most effectively. Rogger said that “‘You’re supposed to have a problem to solve, not a technology in search of the solution.'”, an idea that could have quickly led to their demise. However, the team opted to “give up the AGI dream” as opposed to forgoing it for a more narrow purpose.
Now, OpenAI has become one of the few A.I. ventures to be valued at nearly $30 billion, with big name investors flocking to back the company’s ambition. Bank of America recently noted that “We are at a defining moment — like the internet in the ’90s — where artificial intelligence is moving towards mass adoption.” With impressive investors, incredible products and the ambitiousness to challenge established business rules, OpenAI has cemented itself as one of the most notable A.I. companies in the industry.
