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Sam Altman, CEO, OpenAI
Image: Jason Redmond / AFP
OpenAI was founded in 2015 as a non-profit research organisation to build artificial intelligence (AI) for the benefit of humanity. The company created a for-profit subsidiary in 2019, faced with the high costs of developing its large language model. Microsoft has emerged as its biggest backer, with billions of dollars in investment.
Altman had so far declined to take a stake in the company. OpenAI is currently said to be in talks with potential investors, including Apple, to raise $6.5 billion at a valuation of $150 billion. In another development, OpenAI’s highly regarded CTO Mira Murati is leaving the company.
A spokesperson told Bloomberg, the non-profit entity will “continue to exist”.