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Post on Medial

Binit shrestha

Stealth • 5m

Sam Altman is considering turning OpenAI into a regular company: Sam Altman, CEO of OpenAI, is thinking about changing OpenAI from a "capped-profit" structure to a regular, for-profit company. OpenAI currently operates with a for-profit branch governed by a nonprofit to balance raising capital and pursuing its mission of developing safe AI. There has been controversy under Altman's leadership. He was briefly ousted last November for allegedly not being transparent with the board, including hiding information about ChatGPT's release and not disclosing his financial interests. Helen Toner, a former board member, accused him of lying multiple times. Despite this, Altman was reinstated, and OpenAI stated that any previous financial arrangements involving him were temporary and non-beneficial. The company emphasizes its mission to ensure AI benefits humanity. Read the original aricle in BUSINESS INSIDER

https://www.businessinsider.com/sam-altman-mulls-turning-openai-into-a-regular-company-2024-5

5 replies10 likes

Replies (5)

Anonymous 2

Stealth • 5m

It's very easy for them to change as per their convenience, when they think more profits can be attained, they will just switch back, mark my words.

0 replies1 like

Anonymous 1

Stealth • 5m

It should operate as a for profit or it will limit innovation.

1 replies1 like

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