Tag: Public market

OpenAI CEO, Sam Altman, announced that the Microsoft-backed organization currently has no plans to go public due to the potential for investor decisions to disappoint Wall Street. OpenAI has received $10 billion in funding from Microsoft, and it operates a non-profit hybrid capped-profit model to benefit the public good. OpenAI also warns of AI risks, but the company does not provide any details on its new AI model, GPT 4. Altman recently drew criticism for suggesting that OpenAI may leave the EU due to upcoming regulations on AI.

OpenAI CEO, Sam Altman, is hesitant to take the company public due to concerns of being sued by the public market and Wall Street. As AI develops superintelligence, it may make decisions that investors find strange. Although other tech firms plunge into AI, OpenAI has raised $10 billion from Microsoft at a $30 billion valuation.