In 2024, OpenAI experienced significant developments, including reaching an $80 billion valuation and transitioning towards a for-profit model. The year was marked by internal and external challenges, such as the temporary ousting and reinstatement of CEO Sam Altman, legal battles with co-founder Elon Musk, and scrutiny from the SEC. OpenAI also faced criticism over safety concerns and public relations issues, notably involving the use of a voice in ChatGPT that resembled Scarlett Johansson's. Despite these challenges, OpenAI secured a partnership with Apple to integrate ChatGPT into its software, expanding its reach.
Throughout the year, OpenAI saw the departure of several high-profile employees, including co-founders Ilya Sutskever and Andrej Karpathy, and CTO Mira Murati. The company also faced legal issues with major newspapers, accused of deleting legal data. Amidst these events, OpenAI continued its growth trajectory, setting the stage for further expansion in the artificial intelligence sector.
Key takeaways:
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OpenAI transitioned towards becoming a for-profit company in 2024, marking a significant shift from its original nonprofit status.
The company reached a historic $80 billion valuation, despite facing legal challenges, including lawsuits from Elon Musk.
OpenAI experienced significant executive turnover, with several high-profile departures, including co-founder Ilya Sutskever and CTO Mira Murati.
OpenAI faced criticism over safety concerns and public relations challenges, particularly related to its AI technologies and internal practices.
