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OpenAI reportedly considering shift to for-profit as CEO stacks board

The reported discussions come as the company adds a former NSA director to its board.
OpenAI reportedly considering shift to for-profit as CEO stacks board

OpenAI Appoints Paul Nakasone to Board of Directors

According to Cointelegraph, OpenAI has appointed former NSA/CSS executive Paul Nakasone as a board member.

OpenAI considers turning into a for-profit company, paving the way for an IPO

According to sources cited by the Information , CEO of OpenAI, Sam Altman, recently told some shareholders that the company is considering changing its governance structure to become a profitable company similar to competitors Anthropic and xAI, and will no longer be controlled by non-profit directors of OpenAI. This change may open the door for OpenAI to eventually go public, with its current valuation reaching $86 billion. Additionally, this will also result in Altman holding company shares, with some investors currently pushing for this move.

OpenAI launches official ChatGPT support for universities and nonprofits

OpenAI is pulling out all the stops to ensure that everyone is using its ChatGPT services.
OpenAI launches official ChatGPT support for universities and nonprofits

Altman says he is willing to spend $50 billion to develop general AI

Sam Altman, CEO of OpenAI, recently stated that any cost is reasonable to become the first company to develop general artificial intelligence (AGI). Altman said this week in a conversation with Stanford students, "I don't care if we burn $500 million, $5 billion, or $50 billion a year. I really don't care. As long as we can find a way to pay the bills, we will do AGI." Altman also said that in the process of spending a lot of money developing AGI, he is more concerned about how quickly society can adapt to the progress made by his company.

OpenAI is currently investigating the increased error rate on ChatGPT

OpenAI is currently investigating the issue of increased error rates on ChatGPT.
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OpenAI and the Financial Times have reached a strategic cooperation, including content use

OpenAI has obtained a new news license agreement in Europe, with the Financial Times in London becoming one of its publishers who pay to access content. Like OpenAI's early publisher license agreements, the financial terms of this arrangement have not been disclosed. Regarding content licensing, both parties stated that the transaction covers OpenAI's use of the Financial Times' content to train artificial intelligence models and display AI-generated responses generated by tools such as ChatGPT in appropriate circumstances, which appears to be very similar to other publisher transactions.
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EU Digital Rights Center complains about OpenAI chatbot providing false information

The European Center for Digital Rights (Noyb) filed a complaint accusing OpenAI of failing to fix false information provided by its generative AI chatbot, ChatGPT. The complaint alleges that this may violate EU privacy rules. The complainant is an unnamed public figure who asked OpenAI's chatbot about their own information, but consistently received incorrect information. OpenAI refused the complainant's request to correct or delete the data, stating that "this is impossible." At the same time, the company also refused to disclose information about its training data and data sources.
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OpenAI Expands to Japan, Plans GPT-4 Model Optimized for Japanese Language

OpenAI has announced the opening of a new Tokyo hub and plans to develop a GPT-4 model optimized for the Japanese language. This marks the company's first office in Asia and fourth globally. OpenAI's expansion efforts have been strategic, with the U.K. and EU being major hubs for AI talent and regulation, respectively. The new Japanese business will be led by Tadao Nagasaki, who has experience in the enterprise segment from his time at Amazon Web Services. The GPT-4 model will provide enhanced understanding of the nuances within the Japanese language and improved performance.
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Bloomberg: Ark Investment announces stake in OpenAI

Cathie Wood's Ark Investment Management announced that it holds shares in OpenAI, but did not disclose how it invested in OpenAI. In an email to clients on Thursday, Ark stated, "As of April 10, 2024, the ARK Venture Fund has invested in OpenAI," and "OpenAI is at the forefront of the explosion of artificial intelligence capabilities." It is reported that this closed Ark fund, launched in September 2022, invests in public and private companies, including Musk's SpaceX, Epic Games Inc., Freenome Holdings Inc., and Relation Therapeutics.