OpenAI’s chief executive is on track to join the ranks of Big Tech Billionaires if the company adopts a “for profit” model. Sam Altman, 39 years old, may be given a 7 percent stake in ChatGPT. The American startup was founded in 2015 as a non profit organisation. Analysts estimate that under the new structure the company value will soar to more than $150 billion. Altman’s potential stake is worth over $10 billion.
The departure of three key executives coincided with suggestions that Microsoft-backed company, which was originally designed as non-profit research, could change its founding principles. Mira Murati wants to make sure that she has a smooth exit from OpenAI
Mira Mulat, 35 years old, who briefly took over as CEO in November, after Altman had been ousted, and was then reinstated on a fraught Saturday, announced that she would “step away” because she wanted to have the time to explore. Bob McGrew and Barret Zoph, the chief research officer of the company, have also announced their departure. OpenAI has had a difficult time balancing its commercial interests with its original structure. It was established in 2015 by Elon Musk and other entrepreneurs with the mission of safely building futuristic AI for humanity.
Reports claim that the San Francisco company will change its name to “public benefit corporation” under the new corporate restructuring being considered by the board. The company would be able to combine its role as a socially responsible business with the goal of making money.
Altman, speaking at a technology event in Italy confirmed that OpenAI was considering a revamp to reach the “next phase”, but insisted this wasn’t connected with the recent resignations. Altman said at the Italian Tech Week in Turin that OpenAI would be stronger as a result of this, just like we have been for all our transitions. “I read some articles that said this was related to a restructuring. This is totally false. The majority of what I read was just wrong. We have thought about [a restructure]. Since almost a full year, our board has been working independently to determine what is needed to reach the next phase.
OpenAI responded to the reports by stating that it would maintain a non profit division. “We are committed to building AI for everyone. As we have previously stated, we work with our board to make sure that we are best placed to achieve our mission. “The non-profit will remain a core part of our mission.”
These latest departures follow those of several other senior OpenAI executives including Ilya Sukseker and John Schulman who both left the company in this year. Jan Leike and other safety executives have left the company due to concerns about its commitment to safety.
Leike, in a parting message when he resigned from his position in May, said : “Building machines that are smarter than humans is an inherently hazardous endeavour. But over the last years, safety processes and culture have been pushed aside in favor of shiny products.”
OpenAI said that it had increased its safety work, internal government and collaboration with federal governments to keep up the new capabilities of the models. In order to train these models to adhere to safety and alignment standards, OpenAI has developed a new approach to safety training that uses their reasoning abilities.
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