City
Epaper

Musk confused how non-profit OpenAI became $30 bn profit-making firm

By IANS | Updated: March 16, 2023 11:05 IST

New Delhi, March 16 As Microsoft-owned OpenAI rakes in big moolah after its ChatGPT AI conversational chatbot became ...

Open in App

New Delhi, March 16 As Microsoft-owned OpenAI rakes in big moolah after its ChatGPT AI conversational chatbot became a rage globally, Elon Musk on Thursday again raised questions over how a non-profit has become a $30 billion maximum-profit company for Satya Nadella-run tech giant.

Musk had donated $100 million to OpenAI. He stepped down from OpenAI's board of directors in 2018 and no longer owns a stake in the company.

"I'm still confused as to how a non-profit to which I donated $100 million somehow became a $30 billion market cap for-profit. If this is legal, why doesn't everyone do it?" he quipped.

He has also paused OpenAI access to Twitter database.

OpenAI was founded as a non-profit artificial intelligence research company in 2015.

Its research director was Ilya Sutskever, one of the world experts in machine learning and CTO was Greg Brockman, formerly the CTO of Stripe.

OpenAI's co-chairs were Sam Altman and Musk.

The Twitter CEO in February this year also raised the same question, saying OpenAI was created as an open source (which is why I named it "Open" AI), a non-profit company to serve as a counterweight to Google.

"But now it has become a closed-source, maximum-profit company effectively controlled by Microsoft. Not what I intended at all," he posted, criticising Microsoft for making profits via OpenAI.

The AI chatbot ChatGPT, developed by OpenAI which is now a Microsoft company, has become a rage and the tech giant has infused $10 billion into it to make it more useful for across industries.


na/ksk/

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Tags: Ilya SutskeverElon muskMuskMusk on twitterCeo elon muskGreg brockman
Open in App

Related Stories

NationalWhy Elon Musk Congratulates INOX Group Director Siddharth Jain?

MumbaiMaharashtra Minister Pratap Sarnaik Becomes First Owner of Tesla Car in India After Mumbai Debut

NationalElon Musk Partners with UIDAI to Power Starlink Internet Expansion in India

TechnologyIndia’s First Tesla Supercharger Goes Live in Mumbai’s BKC

MaharashtraEknath Shinde Takes First Ride in Tesla After Elon Musk’s Company Opens First Mumbai Showroom

Technology Realted Stories

TechnologyRBI eases norms for small business loans, working capital loans to jewellers

TechnologyMan Industries shares plunge over 15 pc as SEBI bars top executives from market

TechnologyGovt appoints new chiefs for Union Bank, Central Bank of India

TechnologySpaceX targets 11th test flight of Starship for October 13

TechnologyIndia set for 6.5 pc average growth over next decade: Morgan Stanley