OpenAI has come to the conclusion that it must become more than just a research lab and startup if it wants to achieve artificial general intelligence (AGI). The company led by Sam Altman believes that the best way to achieve huge amount of money necessary to achieve its most ambitious goal is to reconfigure itself into a full-fledged company, and it has outlined a meticulous plan to achieve this.
Behind products like ChatGPT and Sora we find a limited profit for-profit organization controlled by a non-profit organization. The firm wants to implement a more traditional structure to attract new investors. On the one hand, a Public Benefit Corporation (PBC) appears on the scene, an entity intended to operate for the good of society, which will control the operations and business of OpenAI.
On the other hand, the aim is to maintain the non-profit entity, although with a different role. She will lose her role as supervisorwhile operating separately with its own leadership team and staff with the goal of carrying out “charitable initiatives in sectors such as healthcare, education and science.” He is also expected to receive shares from the PBC. “Our plan would result in one of the best-resourced nonprofits in history,” the company says in a post.
OpenAI is close to becoming something very different from what it was at the beginning
We are facing a scheme that, if materialized, would transform OpenAI into something very different from what it was at the beginning. OpenAI emerged in 2015 as a completely altruistic entity whose mission was to promote artificial intelligence (AI) with the common good of society in mind. At that time there was no product, no business or commercial income, but this gradually changed.
The for-profit subsidiary (OpenAI Global LLC) appeared in 2019 to raise the capital that had not arrived in the form of donations, according to the official version. Under this structure, OpenAI established a link with Microsoft that resulted in an investment of around 13 billion dollars. It also completed a gigantic investment round of more than $6 billion. Has it been enough? Well no.
“Once again, we need to raise more capital than we had imagined,” the company said this week when presenting its restructuring plan. Everything seems to indicate that technology companies are not able to cover the costs with what they manage to collect from subscriptions to their products. While OpenAI is a leader in this industry, it is not a giant like Microsoft or Google, which have greater financial backing.
The new OpenAI is not yet a fact. The plan still must be approved by the renewed board of directors (not the same one that ousted Sam Altman a little over a year ago). It should be noted that Elon Muskone of the co-founders of OpenAI, is trying to prevent the firm from starting to operate as a PBC entity. The businessman has filed a lawsuit in federal court in the United States to block the process.
Imagen destacada | Sam Altman (X) + Photoshop
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