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Niket Raj Dwivedi
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Medial • 1y
OpenAI saga- Saturday Startup Story - 5 : In December 2015, Elon Musk, Sam Altman, and others co-founded OpenAI with a mission to ensure artificial general intelligence (AGI) benefits all of humanity. Initially structured as a non-profit, OpenAI aimed to prioritize safety and broad access to AGI advancements. However, in 2019, OpenAI faced the financial realities of AGI research. To secure funding for its ambitious projects, including advanced AI models like GPT-3, OpenAI made a strategic pivot. It transformed into a for-profit organization, OpenAI LP, backed by a capped return structure, ensuring a balance between profitability and its altruistic goals. This move allowed OpenAI to attract substantial investments, including a significant partnership with Microsoft. The for-profit model aimed to accelerate research and development while maintaining transparency and ethical considerations. OpenAI's journey showcases the evolving landscape of AI research, navigating the intersection of technology, finance, and ethical responsibility. On the other hand, Elon Musk is now suing OpenAI and Sam Altman and demanding his investment of $44M back as it’s not a non-profit anymore.
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