Sam Altman explains why OpenAI can’t be a public company: “Superintelligence”

While many companies with successful performance and promising business model indicate this Go publicThe creators of ChatGPT think it’s best to avoid this path. At least that’s what Sam Altman said on Tuesday at an AI event in Abu Dhabi.

The OpenAI president advocates the idea of ​​keeping the organization he represents as a private company, a situation he considers appropriate for times to come when major advances in artificial intelligence are expected to be champions. Bloomberg collects.

OpenAI will not be released to the public, at least for now

“When we develop superintelligence, we are likely to make some decisions public market investors said the businessman. Although he did not elaborate on possible decisions, he said, “I don’t want to be sued.”

Although Altman’s remarks have an ambiguous tone, the differences between a private company and a public company can help us understand the scenario the OpenAI CEO envisions. Well, these are two completely different paths that can adapt his development in the future.

Currently, as a private company, OpenAI is not publicly traded and operates under a domain “limited earnings” to its investors (far from its non-profit model). Among its most important partners we find Microsoft, which has invested more than $10,000 million in OpenAI.

Flexibility and speed in making decisions are two of the main advantages of a private company. One of the clearest examples of this type of company is Twitter, which gained this status when it was bought by Elon Musk. The entrepreneur should not be accountable to shareholders in the open market, because they do not exist.

In general, a publicly traded company, on the other hand, is publicly traded and subject to regulations and systems. stricter than privacy. Its market valuation is linked to the value of its shares. Moreover, it operates under the watchful eye (and approval) of the shareholders.

the pictures: human loop

In Xataka: The European Union thinks it has a solution for flagging AI-generated content. Let others do it