OpenAI CEO has no IPO plan due to 'strange' company structure

Philippines News News

OpenAI CEO has no IPO plan due to 'strange' company structure
Philippines Latest News,Philippines Headlines
  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 38 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 66%

STOCKHOLM : Microsoft-backed OpenAI, the company behind ChatGPT, has no plans to go public any time soon, Chief Executive Sam Altman said at a conference in Abu Dhabi. 'When we develop super intelligence, we are likely to make some decisions that most investors would look at very strangely,' Altman sai

STOCKHOLM : Microsoft-backed OpenAI, the company behind ChatGPT, has no plans to go public any time soon, Chief Executive Sam Altman said at a conference in Abu Dhabi.

"I don't want to be sued by ... public market, Wall Street etc, so no, not that interested," he said in response to a question on whether he will take OpenAI public. While building their artificial intelligence capacities, Altman and many prominent scientists involved with creating and marketing the technology have warned of the threat it poses, particularly content-creating generative AI such as ChatGPT, with some equating it to extinction-level risk. They have demanded regulation.

"We did not threaten to leave the EU," Altman said on Tuesday."We expect to be able to comply. There's still more clarity we are waiting for on the EU AI Act, but we are very excited to operate in Europe."

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

ChannelNewsAsia /  🏆 6. in SG

Philippines Latest News, Philippines Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

OpenAI CEO sees 'huge' Israeli role in reducing risks from the technologyOpenAI CEO sees 'huge' Israeli role in reducing risks from the technologyJERUSALEM : OpenAI Chief Executive Sam Altman predicted on Monday a 'huge role' for Israel in reducing risks from artificial intelligence even as the country debates whether and how to regulate the technology behind ChatGPT.He is one of the tech world's most prominent voices urging governments to rapidly
Read more »

OpenAI chief executive does not plan to take company publicOpenAI chief executive does not plan to take company publicSTOCKHOLM : Microsoft-backed OpenAI, the company behind ChatGPT, has no plans to go public any time soon, Chief Executive Sam Altman said at a conference in Abu Dhabi. 'When we develop super intelligence, we are likely to make some decisions that most investors would look at very strangely,' Altman sai
Read more »

Microsoft-backed Rubrik hires banks for IPO -sourcesMicrosoft-backed Rubrik hires banks for IPO -sourcesNEW YORK : Rubrik Inc, a U.S. cybersecurity software startup backed by Microsoft Corp and valued at $4 billion in a fundraising round two years ago, has hired banks for an initial public offering, four people familiar with the matter said.The Palo Alto, California-based company is working with Goldman Sac
Read more »

Chinese regulator asks Zhuhai Wanda for more details ahead of planned IPOChinese regulator asks Zhuhai Wanda for more details ahead of planned IPOHONG KONG : China's securities watchdog has asked property management firm Zhuhai Wanda Commercial Management Group for more details on its corporate governance as part of its application for an initial public offering in Hong Kong.Uncertainty over the timing of Zhuhai Wanda's IPO has led to investor conc
Read more »

Pertamina finalising takeover of Shell's shares in Masela gas project-CEOPertamina finalising takeover of Shell's shares in Masela gas project-CEOJAKARTA :Indonesian state energy firm Pertamina is finalising an acquisition of Shell's shares in the country's Masela gas project, its chief executive officer said on Tuesday.Indonesia's energy minister on Monday said Pertamina was leading a consortium of investors to take over Shell's 35 per cent participat
Read more »



Render Time: 2025-03-24 14:43:43