OpenAI CEO and co-founder, Sam Altman, insists that the company will remain private despite its increasing valuation, including its current value of $29bn. Altman maintains that the company’s private status allows greater control over decision-making and encourages more innovative thinking. OpenAI has developed advanced language models to power its chatbot application, ChatGPT, with a free version running on model GPT-3 and paid versions using GPT-3.5 or GPT-4. However, Altman warns that the company’s unique structure could mean a non-trivial odd decision becomes essential, and he prefers to make these choices without the scrutiny that would come with a public listing. Altman is currently touring Europe, Asia and the Middle East, discussing international expansion and AI regulation.
Why Sam Altman Prefers to Keep OpenAI Private
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