Why tech companies can't compete with OpenAI...😲
5Elon Musk, Sam Altman and other investors announced the formation of OpenAI in October 2015.
And it's Journey to $157 Billion valuation have been something of a miracle, within five days of OpenAI releasing ChatGPT to the public on 30th November 2022 it had attracted over one million users. Two year on and the hype hasn’t died down.
"OpenAI is an AI research and deployment company dedicated to ensuring that general-purpose artificial intelligence benefits all of humanity. AI is an extremely powerful tool that must be created with safety and human needs at its core. OpenAI is dedicated to putting that alignment of interests first — ahead of profit"
OpenAI originally applied to be recognized as a tax-exempt charitable organization by the IRS in 2016 but it recently announced it would change to be a for profit company. Changing OpenAI’s nonprofit structure would raise questions about its future
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