Last Update: June 07, 2023, 01:46 AM IST
Abu Dhabi, United Arab Emirates (UAE)
OpenAI chief Sam Altman has been greeted enthusiastically by leaders everywhere from Lagos to London. (Reuters/File photo)
OpenAI has so far raised $10 billion from Microsoft at a valuation of nearly $30 billion as it invests more on building computing capability
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.
“When we develop super intelligence, we’re likely to make some decisions that most investors would view as very strange,” Altman said.
In response to a question about taking OpenAI public, he said, “I … don’t want to get sued by the public market, Wall Street, etc., so no, not interested.”
OpenAI has so far raised $10 billion from Microsoft at a valuation of around $30 billion as it invests more on building computing capability.
“We have a very weird structure. We have this cap to profit thing,” he said.
OpenAI started as a non-profit organization, but later formed a hybrid “capped-for-profit” company, which allowed it to raise external funds with the promise that the original non-profit operation would still be profitable.
While building up its artificial intelligence capabilities, Altman and several prominent scientists associated with manufacturing and marketing the technology have warned about its dangers, especially content-creation generative AI like ChatGPT, with some calling it extinction-level risk. considered equal. He has demanded regulation.
Altman has been on a whirlwind tour around the world, meeting heads of state and was in the United Arab Emirates on Tuesday. He plans to visit Qatar, India and South Korea.
European Union Controversy
While in Europe he courted controversy for saying that OpenAI could leave the sector if planned laws on AI become too difficult to comply with, inviting criticism from several lawmakers, including EU industry chief Thierry Breton. Did. OpenAI later reversed the stance.
“We have not threatened to leave the EU,” Altmann said Tuesday.
The EU is working on a set of laws to govern AI, including proposals that would require any companies using tools like ChatGPT to disclose copyrighted material used to train their systems. Will force.
OpenAI doesn’t disclose that data on its latest AI model, GPT 4.
However, Altmann found support from EU technical chief Margrethe Vestager, who said she did not see Altmann’s comments as a threat but as a promise to do her best.
Referring to the evolution of AI, Altman said, “The number one thing that people don’t understand about this technology is that in a few years GPT4 is going to look like a little toy that’s not going to be that impressive.” Was.”
“There will be images, audio, video, text, computer programming, all together.”
Many experts have cited the potential threat to jobs being replaced by AI, which include sectors such as transportation and logistics, office support and administration, manufacturing, services and retail.
The jobs of the future will look “much different than many jobs today,” Altman said, adding that there will be opportunities as well.
(This story has not been edited by News18 staff and is published from a syndicated news agency feed – reuters,
