• Register

Stock market analytics, financial forecasts

Get the latest economic news from ForexMart, including updates on the financial market, central banks' policy announcements, financial indicators, and other relevant news which can have an impact on the industry.

Disclaimer:  Information provided here to retail and professional clients does not contain and should not be construed as containing investment advice or an investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance.

Why does OpenAI not seek to enter the stock exchange?


June, 09 2023
watermark Economic news

CEO of OpenAI, Sam Altman, announced the company's unwillingness to enter the public market. He explained this decision by the desire to maintain full control over the technology of the artificial intelligence startup.


Altman noted that such a decision may be non-trivial, since in the future the development of ChatGPT may lead to decisions that will surprise investors in the open market. «When we develop superintelligence, we will probably make some decisions that investors in the open market will regard very strangely,» Altman said.


CEO also noted that OpenAI is in no hurry to raise more capital on the public market, despite Microsoft's investment plan of $10 billion, as well as the previous investment of $1 billion in 2019. To date, OpenAI is valued at $29 billion compared to $14 billion in 2021.


After introducing ChatGPT in November, the company has already released an improved GPT-4 model in March, which features a more creative and unbiased approach compared to previous versions.


Top Top