OpenAI on Friday, December 27, outlined plans to revamp its structure.
The mentioned player in the global artificial intelligence industry, which developed the world’s most popular AI-powered chatbot, has stated that it will build a public benefit corporation. In the relevant context, it was noted that the implementation of this plan will allow the startup to raise more capital than it initially expected. Also, the structural transformation of OpenAI in the framework of building a public benefit corporation will remove the limitations that this AI industry player is currently facing due to its nonprofit parent.
The statement released by the startup on Friday confirmed the media’s preliminary information about the relevant intentions. It is worth noting that the structural transformation of OpenAI as a kind of practical idea with certain consequences has provoked controversy and a generally mixed reaction among corporate watchdogs and technology moguls. In this case, the question is whether a startup can fairly allocate assets to its nonprofit arm and whether there will be a balance between making a profit and generating social and public good when developing artificial intelligence.
In a certain sense, the monetization of AI as a technology can be called inevitable. Artificial intelligence is increasingly being integrated into various digital products and virtual platforms. AI is also becoming a working tool in many industries. In this case, there is an elementary business logic. The question of the extent to which this logic is consistent and whether it is consistent in principle with the idea of artificial intelligence as a global driving force for the evolution of the world outside the context of smaller commercial interests depends on the point of view of AI as an advanced technological phenomenon and its goals. The answer can be either affirmative or negative. In this case, there is a conflict between pragmatism and, in a sense, romanticism as an idealistic desire for a better version of the world in the future.
The plan outlined by OpenAI stipulates that the startup’s existing for-profit arm will be transformed into a public benefit corporation.
It is also worth recognizing the objective fact that the ChatGPT developer needs additional investments since elaborating artificial general intelligence or AI that surpasses the human mind in terms of cognitive abilities requires more and more financial injections.
According to media reports, OpenAI’s latest funding round, during which the startup received $6.6 billion with a valuation of $157 billion, depended on whether this digital intelligence industry player could upend its corporate structure and remove a profit cap for investors within two years.
As we have reported earlier, OpenAI to Launch More Advanced Reasoning Model.
