2024-09-27 17:55:08
Artificial Intelligence
Technology
Business
OpenAI's Strategic Shift Raises Concerns
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THE DECODER
OpenAI CEO Sam Altman denies rumors of giant equity stake as company considers restructuring
Economy
Technology
OpenAI, founded 2015 as non-profit AI research org, undergoes major changes. CEO Altman denies "giant equity stake" rumors; CFO Friar confirms investor concerns about Altman not owning shares. Board chair Taylor says board discussed Altman owning stake. Board considers restructuring into for-profit entity, with non-profit remaining. Execs depart, including CTO Murati who announced on Platform X. Altman announces promotions, with Chen as new Research Head, Pachocki as Chief Scientist. Weil and..
THE DECODER
OpenAI CFO reassures investors after executive exodus
Economy
Technology
Finance
OpenAI's CFO Sarah Friar aims to calm investors after three top executives left the company. In an email, she stressed that OpenAI remains committed to developing AI that will benefit investors, CNBC reports. Friar said the current $6.5 billion funding round is oversubscribed and should close next week. OpenAI is seeking a valuation above $150 billion. The company also plans to change to a for-profit structure. The departing executives include CTO Mira Murati, Head of Research Bob McGrew, and..
The Guardian
OpenAI shift to for-profit company may lead it to cut corners, says whistleblower
Technology
Economy
OpenAI's for-profit transition worries ex-employee Saunders, who fears it will undermine safety as CEO Altman may gain equity and the non-profit board will lose control, despite OpenAI's mission to develop beneficial artificial general intelligence aligned with human values.
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