Sheamus McGovern’s Post

OpenAI is undergoing significant restructuring and internal changes related to status and sparking an exodus of high-profile executives. #datascience #AI #artificialintelligence https://hubs.li/Q02ShsG00

OpenAI, known for #ChatGPT and pioneering #GenerativeAI, is facing significant changes as key executives resign and the company reportedly shifts to a for-profit model. Reuters reports a potential restructuring, with CEO Sam Altman likely to hold equity in the new corporation. Speculations suggest the company could be valued at $150 billion, showcasing the evolving landscape of AI innovation. #OpenAI #AI #ArtificialIntelligence #TechNews

More drama OpenAI in the form of leadership departures coincide with the company's effort to restructure into a 100% for-profit business. The change may put the chatbot juggernaut in a better position to compete against the likes of #Meta, #google, #xAI, and #Anthropic. We chatted with Responsible AI Institute's Manoj Saxena about the implications for AI safety. #responsibleai #AI #GenAI #OpenAI #artificialintelligence https://lnkd.in/edWS2-Rk

The survival of a company hinges upon revenue generation and profitability. Without financial success, beating competition and retaining talent become challenging. Recent events at OpenAI highlight the emphasis on profit over ethical AI development, revealing the trade-offs in the pursuit of financial gains. Here is another great article from WSJ: https://lnkd.in/gyfcQ9vm Read more: https://flip.it/U6Yx1g

#News OpenAI Restructures Business Model—What’s For Sam Altman?: OpenAI is restructuring its business model to become for-profit, with insiders speculating that Sam Altman may acquire a stake worth $150 billion. Artificial Intelligence (AI) leader OpenAI is undergoing a significant restructuring that will remove its current non-profit status. The company is shifting toward a for-profit model, and its former non-profit board will no longer […] The post OpenAI Restructures Business Model—What’s For Sam Altman? appeared first on Coinscreed.

As the CTO of Data Friendly Space (DFS), I am proud of our focus on harnessing AI for the public good. So reading the story of OpenAI's convertion to a full for-profit is extremely disappointing. From its inception, I've had reservations about OpenAI's trajectory. The swift addition of a for-profit arm to the nonprofit was an early red flag, despite understanding the need for capital in this emerging sector. Over time, we've witnessed a steady erosion of the transparency that should be foundational to an organization with such far-reaching impact. Let's be clear: transparency isn't just a nice-to-have. It's absolutely crucial if we're to effectively manage the myriad risks associated with AI's rapid emergence. The lack of clarity surrounding Sam Altman's brief removal and subsequent reinstatement only underscores this point. A nonprofit board acting without proper transparency fails in its duty to the public good. What's most disturbing is the broader pattern of opacity. Until they formally dissolve the public board, OpenAI has an obligation to act in service of their stated mission and the public interest. So far, they've fallen woefully short. We must also address the ethical implications of harvesting training materials for LLMs. At minimum, we should view this as the consumption of a natural resource. The totality of human knowledge and experience is as fundamental a shared resource as we have - it's the cultural oil that forms the bedrock of our identities. AI developers have a responsibility to give back to the public in equal measure to what they extract. The conversion of OpenAI to a full for-profit entity is particularly troubling. Built on public investment and our most precious cultural resources, they now seek to shed their obligation to act in the public interest. This is not just a business decision - it's a betrayal of trust. As we navigate the AI revolution, we must demand better. Transparency, ethical stewardship of shared resources, and a commitment to the public good must be non-negotiable. The future of AI is too important to be left solely in the hands of profit-driven entities. #AI #Ethics #OpenAI #PublicGood https://lnkd.in/e_mXTDXQ

OpenAI, the artificial intelligence research lab, and Sam Altman, known for his work in the tech industry, have announced a reorganization into a **for-profit benefit corporation**. This move is aimed at **attracting investors** who are interested in supporting AI research. By shifting into this new structure, the organization can balance **profits** and **social good**. 🚀 OpenAI and Sam Altman believe that this change will help them in their mission to ensure that artificial intelligence benefits all of humanity. By becoming a benefit corporation, they can focus on long-term **ethical decision-making** and continue their work in creating **safe and beneficial AI**. Furthermore, this reorganization opens up new possibilities for **investment** in the

OpenAI is poised for a significant shift in its corporate structure, and this could redefine the landscape of AI funding and operations. Recent reports suggest that OpenAI is considering moving away from its current model, where its for-profit entity is governed by a non-profit foundation. This change is largely attributed to investor demands and the pressing need to secure substantial capital. With talks underway to raise $6.5 billion at a staggering pre-money valuation of $150 billion, the pressure to adapt is mounting. As OpenAI's co-founder and CEO Sam Altman pointed out, this potential restructuring aims to align more closely with traditional for-profit practices while maintaining the core mission of the nonprofit. In a rapidly evolving market, ensuring that investors feel valued and understood is crucial. Reflecting on this, I recall when my own organization faced similar pressures to evolve. Balancing mission-driven goals with the ever-present need for growth and investment was a challenging, yet essential, process. It required transparent communication, strategic foresight, and an unwavering commitment to our vision. How do you see this potential change affecting the AI industry? Could we witness a new wave of for-profit models in other tech sectors? The future of AI funding is unfolding, and it will be interesting to observe how OpenAI's evolution impacts other players in this space. #OpenAI #AI #CorporateStrategy #Funding #Innovation #TechTrends

OpenAI's path to achieving Artificial General Intelligence (AGI) is in the hands of its six-member board, tasked with making decisions on its development and deployment. This strategic move underscores the significance of governance in steering AI's future impact. A interesting read on how OpenAI plans to navigate the complex journey towards AGI. #AI #OpenAI #AGI #TechnologyGovernance" For more details, check out the full article on VentureBeat: https://lnkd.in/gq-eX-2i

Looking to learn about how to put AI to work for you? Our new AI Essentials course lets anyone get foundational AI skills, check out AI best practices, and get an introduction to using AI responsibly. #GrowWithGoogle https://lnkd.in/gUfzvzMs