“We have made the decision to remain a non -profit company after listening to the leaders of civil society and exchanged with the offices of the Attorpers General of California and Delaware,” said Sam Altman in an email addressed to staff and published at the company’s website at the same time.
OpenAi about to make the greatest fundraising in history
The richest man on the planet, Elon Musk, got involved in the case by offering to buy the start-up. Sam Altman had dryly replied that Optai was “not for sale”.
Elon Musk and Sam Altman were both part of the 11 people who founded Openai in 2015, the first having provided an initial funding of $ 45 million.
Three years later, Mr. Musk had left the company, Openai evoking “a future potential conflict for Elon … while Tesla”, of which Elon Musk is the boss, “continues to focus on AI”.
The considerable costs linked to the design, training and deployment of AI models had forced the company to seek a new structure which would give investors participation in capital and offer more stable management.
But the transition to a for -profit company would have required the approval of the authorities of California and Delaware.
By remaining a non -profit company, “we believe that this will allow us to continue to make rapid and safe progress and give everyone access to an efficient AI,” said Sam Altman on Monday.
The company has become one of the most prosperous start-ups in the history of Silicon Valley, propelled in 2022 by its generative Chatgpt AI tool.
Elon Musk wants to buy Openai, the creator of Chatgpt: “No thank you but we will buy Twitter if you want”
