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ChatGPT maker OpenAI is staying private due to 'strange' company structure

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STOCKHOLM - Microsoft-backed OpenAI, the company behind ChatGPT, has no plans to go public any time soon, Chief Executive Sam Altman said at a conference in Abu Dhabi. 'When we develop super intelligence, we are likely to make some decisions that most investors would look at very strangely,' Altman said. 'I don't want to be sued by public market, Wall...

STOCKHOLM - Microsoft-backed OpenAI, the company behind ChatGPT, has no plans to go public any time soon, Chief Executive Sam Altman said at a conference in Abu Dhabi.

"I don't want to be sued by public market, Wall Street etc, so no, not that interested," he said in response to a question on whether he will take OpenAI public. While building their artificial intelligence capacities, Altman and many prominent scientists involved with creating and marketing the technology have warned of the threat it poses, particularly content-creating generative AI such as ChatGPT, with some equating it to extinction-level risk. They have demanded regulation.

The EU is working on a set of laws to govern AI, including proposals that would force any company using tools like ChatGPT to disclose copyrighted material used to train its systems.Altman, however, found support from EU tech chief Margrethe Vestager, who said she did not perceive Altman's comments as a threat but as a promise to do his best.

 

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