That is the story of how Microsoft overtook what was as soon as a non-profit firm for humanity and turned it right into a for-profit firm doing Microsoft’s bidding to get them forward within the AI race.
In 2015, a non-profit firm known as OpenAI was based by world-class analysis engineers and scientists, and funded by a bunch of the largest names in Silicon Valley, who collectively donated $1B.
They’re the AI analysis and deployment firm behind a pair merchandise that you simply’ve in all probability heard of, like DALL-E-2 and ChatGPT.
When based, that they had one objective in thoughts: to advance digital intelligence in the way in which that’s almost definitely to profit humanity as a complete, unconstrained by a have to generate monetary return.
However earlier this 12 months on January 23, 2023, OpenAI accepted a $10B funding from Microsoft, on prime of Microsoft’s earlier funding of $1 Billion {dollars} in 2019, making Microsoft a reported 49% stakeholder, receiving 75% of OpenAI’s income till it secures its funding return.
At face worth, it seems to be like some other funding right into a budding, thriving firm. However is it? As a result of simply after Microsoft’s preliminary funding in 2019, OpenAI legally restructured from a non-profit firm to a “capped” for-profit firm, with ongoing collaborations completely with Microsoft.
So, how did we get right here? Why did OpenAI go from a non-profit for humanity to a for-profit that is closely intertwined with Microsoft? And what has OpenAI completed?
Properly on this video, that’s precisely what I’m going to speak about, and a complete lot extra. From the founders, to the technological analysis and achievements, the merchandise and funding, and the way their mission has shifted additional time.
That is The Untold Story of OpenAI.
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