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Altman: Not Moving to For-Profit Model

  • OpenAI CEO Sam Altman firmly rejected Elon Musk’s $97 billion bid to buy OpenAI, emphasizing that neither the company nor its mission is for sale, and suggesting Musk’s move was a competitive tactic to slow OpenAI down.
  • At the Paris AI Action Summit, Altman clarified that while OpenAI is exploring various structural options, it remains committed to its nonprofit mission, with a focus on how AI can drive economic growth globally, responding to international requests for AI infrastructure similar to Stargate.
  • Altman showed confidence in OpenAI’s ongoing projects despite competitive pressures, including from xAI, and expressed minimal concern over Musk’s potential influence on U.S. AI policy, focusing instead on advancing OpenAI’s technology.

At the AI Action Summit in Paris, OpenAI CEO Sam Altman addressed the recent $97 billion bid from Elon Musk to acquire OpenAI, succinctly stating that “OpenAI is not for sale” and emphasizing that the company’s mission remains paramount. Altman suggested that Musk’s offer was a tactic to slow down OpenAI’s progress, citing Musk’s competitive nature and his involvement with xAI, another AI company. Altman expressed a preference for competition based on product development rather than through legal or strategic maneuvers like this bid.

Regarding OpenAI’s structure, Altman clarified that there is no shift from a nonprofit to a for-profit model, asserting the ongoing importance of the nonprofit component in driving the company’s mission. He mentioned that the board is exploring various structural options for the next phase but reassured that the nonprofit aspect would remain unchanged.

At the summit, Altman highlighted the evolving focus from AI safety, which was central at Bletchley Park, to broader discussions on deploying AI to foster economic growth and infrastructure development. He noted a significant interest from different countries in establishing AI infrastructure akin to OpenAI’s Stargate project, reflecting a global eagerness to harness AI for economic benefits.

Altman also touched on the topic of Deepseek, acknowledging their model development without confirming any specifics about data misuse. He conveyed confidence in OpenAI’s research and product roadmaps, indicating that the company’s strategy would continue undeterred by competitors’ actions.

When questioned about Musk’s potential influence on U.S. AI policy due to his proximity to the President, Altman expressed little concern, focusing instead on improving OpenAI’s technology. His comments on Musk’s personal approach suggested a view of Musk acting out of insecurity, yet Altman tried maintaining a professional stance, focusing on OpenAI’s objectives rather than personal or political dynamics.

WallStreetPit does not provide investment advice. All rights reserved.

About Ari Haruni 567 Articles
Ari Haruni

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