OpenAI, recently valued at $150 billion, began as a nonprofit research lab but now requires more funding to compete in the AI industry. CEO Sam Altman acknowledged that the company underestimated the capital needed and is now exploring flexible strategies for AGI development. While the timeline for AGI remains uncertain, Altman suggested it might arrive sooner than expected, with board member Adam D’Angelo predicting it could occur within five to 15 years. The restructuring could also allow Altman to gain a direct equity stake in OpenAI for the first time.
Key takeaways:
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- OpenAI is considering removing a provision that blocks Microsoft from accessing its future artificial general intelligence (AGI), potentially allowing Microsoft to invest further and access AGI technology.
- The provision was initially added to prevent the misuse of AGI for commercial purposes, with ownership given to OpenAI's nonprofit board.
- OpenAI is restructuring to become a public benefit corporation and is discussing new terms with Microsoft and other investors to secure more funding.
- AGI is expected to arrive within five to 15 years, with OpenAI CEO Sam Altman suggesting it will happen sooner than most people think.