{"id":1837,"date":"2023-06-07T01:46:20","date_gmt":"2023-06-06T20:16:20","guid":{"rendered":"https:\/\/bscrackers.com\/?p=1837"},"modified":"2023-06-07T01:46:20","modified_gmt":"2023-06-06T20:16:20","slug":"openais-ceo-reveals-surprising-stance-on-going-public-heres-what-he-said","status":"publish","type":"post","link":"https:\/\/bscrackers.com\/?p=1837","title":{"rendered":"OpenAI&#8217;s CEO Reveals Surprising Stance on Going Public: Here&#8217;s What He Said"},"content":{"rendered":"<p> [ad_1]<br \/>\n<\/p>\n<div>\n<div class=\"jsx-1647035624 article_headline\">\n<p class=\"jsx-1647035624\">Last Updated: <span style=\"color:#808080;text-transform:uppercase\" class=\"jsx-1647035624\">June 07, 2023, 01:46 IST<\/span><\/p>\n<\/div>\n<div class=\"jsx-1647035624 article_headline\">\n<p class=\"jsx-1647035624\"><span id=\"location_info\">Abu Dhabi, United Arab Emirates (UAE)<\/span><\/p>\n<\/div>\n<\/div>\n<div style=\"display:flex;justify-content:space-between;background:#f3f3f3;padding:0 15px 10px 10px;border-bottom:5px solid #e1261c\">\n<div style=\"width:510px;padding-top:10px;position:relative;height:350px\" class=\"jsx-1647035624 article_bimg\">\n<figure style=\"line-height:0;width:510px;height:340px\" class=\"jsx-1647035624\"><img fetchpriority=\"high\" decoding=\"async\" alt=\"OpenAI chief Sam Altman has received rapturous welcomes from leaders everywhere from Lagos to London. (Reuters\/File Photo)\" title=\"OpenAI chief Sam Altman has received rapturous welcomes from leaders everywhere from Lagos to London. (Reuters\/File Photo)\" src=\"https:\/\/images.news18.com\/ibnlive\/uploads\/2021\/07\/1627283897_news18_logo-1200x800.jpg?impolicy=website&amp;width=510&amp;height=356\" loading=\"eager\" width=\"510\" height=\"340\" class=\"jsx-1647035624\"\/><\/figure>\n<p style=\"line-height:18px;position:absolute;bottom:0;background:linear-gradient(transparent,#000);left:0;right:0;margin-bottom:0;font-size:12px;color:#fff;padding:32px 10px 5px;min-height:55px\" class=\"jsx-1647035624 imageCaption\">OpenAI chief Sam Altman has received rapturous welcomes from leaders everywhere from Lagos to London. (Reuters\/File Photo)<\/p>\n<\/div>\n<div style=\"width:359px;padding-top:10px\" class=\"jsx-1647035624 article_bnow_box\">\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_73 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/bscrackers.com\/?p=1837\/#OpenAI_has_so_far_raised_10_billion_from_Microsoft_at_a_valuation_of_almost_30_billion_as_it_invests_more_on_building_computing_capacity\" title=\"OpenAI has so far raised $10 billion from Microsoft at a valuation of almost $30 billion as it invests more on building computing capacity\">OpenAI has so far raised $10 billion from Microsoft at a valuation of almost $30 billion as it invests more on building computing capacity<\/a><ul class='ez-toc-list-level-3' ><li class='ez-toc-heading-level-3'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/bscrackers.com\/?p=1837\/#EU_CONTROVERSY\" title=\"EU CONTROVERSY\">EU CONTROVERSY<\/a><\/li><\/ul><\/li><\/ul><\/nav><\/div>\n<h2 style=\"min-height:24px;font-size:14px;line-height:24px;color:#3f3f3f;font-weight:400\" class=\"jsx-1647035624\"><span class=\"ez-toc-section\" id=\"OpenAI_has_so_far_raised_10_billion_from_Microsoft_at_a_valuation_of_almost_30_billion_as_it_invests_more_on_building_computing_capacity\"><\/span>OpenAI has so far raised $10 billion from Microsoft at a valuation of almost $30 billion as it invests more on building computing capacity<span class=\"ez-toc-section-end\"><\/span><\/h2>\n<\/div>\n<\/div>\n<div id=\"article_ContentWrap\">\n<div class=\"jsx-1647035624\">\n<p id=\"0\" class=\"story_para_0\">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.<\/p>\n<p id=\"1\" class=\"story_para_1\">\u201cWhen we develop super intelligence, we are likely to make some decisions that most investors would look at very strangely,&#8221; Altman said.<\/p>\n<p id=\"2\" class=\"story_para_2\">\u201cI don\u2019t want to be sued by \u2026 public market, Wall Street etc, so no, not that interested,&#8221; he said in response to a question on whether he will take OpenAI public.<\/p>\n<p id=\"3\" class=\"story_para_3\">OpenAI has so far raised $10 billion from Microsoft at a valuation of almost $30 billion as it invests more on building computing capacity.<\/p>\n<p id=\"4\" class=\"story_para_4\">\u201cWe have a very strange structure. We have this cap to profit thing,&#8221; he said.<\/p>\n<p id=\"5\" class=\"story_para_5\">OpenAI started off as a non-profit organisation but later created a hybrid \u201ccapped-profit&#8221; company, that allowed it to raise external funds with a promise that the original non-profit operation still benefits.<\/p>\n<p><nonfly class=\"article_mad\" adunit=\"NW18_ENG_Desktop\/NW18_ENG_Tech\/NW18_ENG_Tech_AS\/NW18_ENG_TECH_AS_ROS_MID_728\" slotid=\"nw18-dynamic-div-8016859_5_18\" id=\"new_ad_6\"\/><\/p>\n<p id=\"6\" class=\"story_para_6\">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.<\/p>\n<p id=\"7\" class=\"story_para_7\">Altman is on a whirlwind tour across the world, meeting heads of states of several countries, and was in the United Arab Emirates on Tuesday. He plans to travel next to Qatar, India and South Korea.<\/p>\n<h3><span class=\"ez-toc-section\" id=\"EU_CONTROVERSY\"><\/span>EU CONTROVERSY<span class=\"ez-toc-section-end\"><\/span><\/h3>\n<p id=\"9\" class=\"story_para_9\">While in Europe he got into controversy for saying OpenAI may leave the region if it becomes too hard to comply with planned laws on AI, inviting criticism from several lawmakers, including EU industry chief Thierry Breton. OpenAI later reversed the stance.<\/p>\n<p id=\"10\" class=\"story_para_10\">\u201cWe did not threaten to leave the EU,&#8221; Altman said on Tuesday. \u201cWe expect to be able to comply. There\u2019s still more clarity we are waiting for on the EU AI Act, but we are very excited to operate in Europe.&#8221;<\/p>\n<p id=\"11\" class=\"story_para_11\">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.<\/p>\n<p id=\"12\" class=\"story_para_12\">OpenAI does not disclose that data on its latest AI model, GPT 4.<\/p>\n<p id=\"13\" class=\"story_para_13\">Altman, however, found support from EU tech chief Margrethe Vestager, who said she did not perceive Altman\u2019s comments as a threat but as a promise to do his best.<\/p>\n<p id=\"14\" class=\"story_para_14\">\u201cThe number one thing about this technology that people don\u2019t understand is that in a few years GPT 4 is going to look like a little toy that was not that impressive,&#8221; Altman said referring to the growth of AI.<\/p>\n<p id=\"15\" class=\"story_para_15\">\u201cThere will be images, audio, video, text, computer programming, all together.&#8221;<\/p>\n<p><nonfly class=\"article_mad\" adunit=\"NW18_ENG_Desktop\/NW18_ENG_Tech\/NW18_ENG_Tech_AS\/NW18_ENG_TECH_AS_ROS_BTF_728\" slotid=\"nw18-dynamic-div-8016859_15_18\" id=\"new_ad_16\"\/><videocarousel\/><\/p>\n<p id=\"16\" class=\"story_para_16\">Many experts have cited a potential threat to jobs being replaced by AI including in sectors such as transport and logistics, office support and administration, production, services and retail.<\/p>\n<p id=\"17\" class=\"story_para_17\">The jobs of the future would look \u201csuper different than many of the jobs of today&#8221;, Altman said, adding that there would be opportunities too.<\/p>\n<p><i class=\"disclaimer-content\">(This story has not been edited by News18 staff and is published from a syndicated news agency feed &#8211; <a href=\"https:\/\/www.reuters.com\/\" target=\"_blank\" rel=\"noopener\">Reuters<\/a>)<\/i> <\/div>\n<div class=\"jsx-1647035624 authorBox21 article_author\">\n<div class=\"jsx-1647035624 author_box\">\n<div class=\"author_box_inner\">\n<div class=\"img_box1 author_img\"><img decoding=\"async\" src=\"https:\/\/images.news18.com\/ibnlive\/uploads\/2023\/03\/rohit.jpeg?impolicy=website&amp;width=70&amp;height=70\" class=\"lazyload\" alt=\"\"\/><\/div>\n<div class=\"text1 author_content\"><a class=\"smalldesc1 author_name\" href=\"https:\/\/www.news18.com\/byline\/rohit.html\" target=\"_blank\" rel=\"noopener\"><span>Rohit<\/span><\/a><\/p>\n<div>Rohit is a News18.com journalist with a passion for world affairs and a love for football. Follow him on Twitter at @heis_rohit<!-- -->&#8230;<a href=\"https:\/\/www.news18.com\/byline\/rohit.html\" class=\"read_more\" target=\"_blank\" rel=\"noopener\">Read More<\/a><\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n<p>[ad_2]<br \/>\n<br \/><a href=\"https:\/\/www.news18.com\/tech\/openais-ceo-reveals-surprising-stance-on-going-public-heres-what-he-said-8016859.html\" target=\"_blank\" rel=\"noopener\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>[ad_1] Last Updated: June 07, 2023, 01:46 IST Abu Dhabi, United Arab Emirates (UAE) OpenAI chief Sam Altman has received rapturous welcomes from leaders everywhere from Lagos to London. (Reuters\/File Photo) OpenAI has so far raised $10 billion from Microsoft at a valuation of almost $30 billion as it invests more on building computing capacity &#8230; <a title=\"OpenAI&#8217;s CEO Reveals Surprising Stance on Going Public: Here&#8217;s What He Said\" class=\"read-more\" href=\"https:\/\/bscrackers.com\/?p=1837\" aria-label=\"Read more about OpenAI&#8217;s CEO Reveals Surprising Stance on Going Public: Here&#8217;s What He Said\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":1630,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[107],"tags":[],"class_list":["post-1837","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-tech"],"_links":{"self":[{"href":"https:\/\/bscrackers.com\/index.php?rest_route=\/wp\/v2\/posts\/1837","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bscrackers.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bscrackers.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bscrackers.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bscrackers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1837"}],"version-history":[{"count":0,"href":"https:\/\/bscrackers.com\/index.php?rest_route=\/wp\/v2\/posts\/1837\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bscrackers.com\/index.php?rest_route=\/wp\/v2\/media\/1630"}],"wp:attachment":[{"href":"https:\/\/bscrackers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1837"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bscrackers.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1837"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bscrackers.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1837"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}