OpenAI's CEO Sam Altman might finally see hope for his vast "financial ambition" as an Abu Dhabi investment company initiates funding deal discussions with OpenAI.
01.03.2024 - 12:07 / wccftech.com / Sam Altman / Rohail Saleem
This is not investment advice. The author has no position in any of the stocks mentioned. Wccftech.com has a disclosure and ethics policy.
Never before has the siren call of capitalism been as disruptive to a non-profit entity as OpenAI's ongoing struggle to monetize its advancements in the AI sphere without compromising on its altruistic ethos. Elon Musk has now jumped into this melee by lobbing a lawsuit at ChatGPT's creator entity and its CEO, Sam Altman.
In a high-profile lawsuit filed late on Thursday night, Elon Musk launched a complaint against Sam Altman and OpenAI for breaching the non-profit's contract, promissory estoppel, and fiduciary duty by turning away from its dedication to bringing about an open-source artificial general intelligence, presumably all under Microsoft's influence:
While hammering on the closed-loop nature of OpenAI's GPT-4 Large Language Model (LLM), Elon Musk's complaint notes:
According to Musk, OpenAI's non-profit character has been distorted by "a purely profit-driven CEO and a Board with inferior technical expertise in AGI and AI public policy." Consequently, the CEO of Tesla has implored the court to grant an injunction to prevent Open AI, its President Gregory Brockman, its CEO Sam Altman, and Microsoft from profiting off the non-profit's AI technology.
For the benefit of those who might not be aware, Elon Musk co-founded OpenAI but left its board in 2018. The CEO of Tesla is currently playing catch-up with the GPT-4 LLM via xAI's Grok model.
Bear in mind that OpenAI is currently in a unique sort of partnership with Microsoft, which owns a 49 percent stake in the AI-focused enterprise. Back in January 2023, Microsoft invested $10 billion in OpenAI, bringing its total investments in the revolutionary company to $13 billion. In return for providing this funding, as well as access to its cloud-computing service Azure, Microsoft has received rights to 75 percent of OpenAI's profits until the tech giant is able to recoup the entirety of its $13 billion investment. Thereafter, Microsoft will receive 49 percent of OpenAI's profits until these returns reach the $92 billion mark, after which Microsoft's shares will revert to OpenAI's non-profit foundation.
Of course, in late 2023, the world witnessed a gripping days-long drama within OpenAI, one that saw Altman fired by the non-profit's board for "not [being] consistently candid in his communications" with the directors. This step, however, unleashed a full-on internal revolt replete with numerous high-profile departures, which eventually paved the way for Sam Altman's return as the CEO of the AI-focused
OpenAI's CEO Sam Altman might finally see hope for his vast "financial ambition" as an Abu Dhabi investment company initiates funding deal discussions with OpenAI.
This is not investment advice. The author has no position in any of the stocks mentioned. Wccftech.com has a disclosure and ethics policy.
Online service providers around the world have been integrating Multi-factor authentication to add an extra layer of security in their offerings to users when they sign in. The same has become even more important in the age of artificial intelligence-powered tools and OpenAI has just taken a big step to safeguard your ChatGPT account. Yes, AI tools such as ChatGPT also require extra security features just like the old world portals to be secure. And now, OpenAI has announced the inclusion of Multi-factor authentication to ChatGPT. This security feature will keep your account secure from hackers or those who may have surreptitiously obtained your credentials. Know more about ChatGPT Multi-factor authentication and how to enable this security feature.
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