OpenAI looks to shift away from nonprofit roots and convert itself to for-profit company

  • 📰 sdut
  • ⏱ Reading Time:
  • 49 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 95%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

While OpenAI already has a for-profit division, where most of its staff works, it is controlled by a nonprofit board of directors whose mission is to help humanity.

FILE – Open AI Chief Executive Officer Sam Altman speaks at the Advancing Sustainable Development through Safe, Secure, and Trustworthy AI event on Sept. 23, 2024, in New York.

No final decision has been made by the board and the timing of the shift hasn’t been determined, the source said. “We remain focused on building AI that benefits everyone and as we’ve previously shared we’re working with our board to ensure that we’re best positioned to succeed in our mission,” it said in a written statement. “The nonprofit is core to our mission and will continue to exist.”

But the exits were the latest in a string of recent high-profile departures that also include the resignations of OpenAI co-founder Ilya Sutskever and safety team leader Jan Leike in May. In a statement, Leike had leveledMuch of the conflict at OpenAI has been rooted in its unusual governance structure.

In 2016, the goal of OpenAI’s founders — a group that included Altman and Tesla CEO Elon Musk — was to “advance digital intelligence in the way that is most likely to benefit humanity as a whole, unconstrained by a need to generate financial return.”

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 5. in ZA
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

OpenAI looks to shift away from nonprofit roots and convert itself to for-profit companyOpenAI’s history as a nonprofit research institute that also sells commercial products like ChatGPT may be coming to an end as the San Francisco company looks to more fully convert itself into a for-profit corporation accountable to shareholders.
Source: ksatnews - 🏆 442. / 53 Read more »

OpenAI looks to shift away from nonprofit roots and convert itself to for-profit companyOpenAI’s history as a nonprofit research institute that also sells commercial products like ChatGPT may be coming to an end as the San Francisco company looks to more fully convert itself into a for-profit corporation accountable to shareholders.
Source: wjxt4 - 🏆 246. / 63 Read more »

OpenAI looks to shift away from nonprofit roots and convert itself to for-profit companyOpenAI’s history as a nonprofit research institute that also sells commercial products like ChatGPT may be coming to an end as the San Francisco company looks to more fully convert itself into a for-profit corporation accountable to shareholders.
Source: AP - 🏆 728. / 51 Read more »

Apple eyes major investment in OpenAI to dominate AI futureApple is reportedly among investors participating in significant funding round for OpenAI, the world's leading artificial intelligence research organisation.
Source: trtworld - 🏆 101. / 63 Read more »