OpenAI Turns $30 Billion Profit-Making Firm From Non-Profit Organisation, Former Co-Founder Elon Musk Confused
As Microsoft-owned OpenAI rakes in big moolah after its ChatGPT AI conversational chatbot became a rage globally, Elon Musk on Thursday again raised questions over how a non-profit has become a $30 billion maximum-profit company for Satya Nadella-run tech giant.
New Delhi, March 16 : As Microsoft-owned OpenAI rakes in big moolah after its ChatGPT AI conversational chatbot became a rage globally, Elon Musk on Thursday again raised questions over how a non-profit has become a $30 billion maximum-profit company for Satya Nadella-run tech giant. Musk had donated $100 million to OpenAI. He stepped down from OpenAI's board of directors in 2018 and no longer owns a stake in the company. GPT-4 Released: What’s New in OpenAI's Latest AI Model and How Is It Different From ChatGPT? Here’s All You Need To Know.
"I'm still confused as to how a non-profit to which I donated $100 million somehow became a $30 billion market cap for-profit. If this is legal, why doesn't everyone do it?" he quipped. He has also paused OpenAI access to Twitter database. Google Announces AI Features for Its Workspace Apps, Including Gmail, Docs, Sheets.
OpenAI was founded as a non-profit artificial intelligence research company in 2015. Its research director was Ilya Sutskever, one of the world experts in machine learning and CTO was Greg Brockman, formerly the CTO of Stripe. OpenAI's co-chairs were Sam Altman and Musk.
The Twitter CEO in February this year also raised the same question, saying OpenAI was created as an open source (which is why I named it "Open" AI), a non-profit company to serve as a counterweight to Google.
"But now it has become a closed-source, maximum-profit company effectively controlled by Microsoft. Not what I intended at all," he posted, criticising Microsoft for making profits via OpenAI.
The AI chatbot ChatGPT, developed by OpenAI which is now a Microsoft company, has become a rage and the tech giant has infused $10 billion into it to make it more useful for across industries.
(The above story first appeared on LatestLY on Mar 16, 2023 11:15 AM IST. For more news and updates on politics, world, sports, entertainment and lifestyle, log on to our website latestly.com).