{"id":19099,"date":"2023-06-06T19:05:45","date_gmt":"2023-06-06T23:05:45","guid":{"rendered":"https:\/\/ifintechworld.com\/investing\/i-dont-want-to-be-sued-by-public-market-sam-altman-explains-why-he-doesnt-want-to-take-openai-public-just-yet\/"},"modified":"2023-06-06T19:05:46","modified_gmt":"2023-06-06T23:05:46","slug":"i-dont-want-to-be-sued-by-public-market-sam-altman-explains-why-he-doesnt-want-to-take-openai-public-just-yet","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=19099","title":{"rendered":"\u2018I don\u2019t want to be sued by \u2026 public market\u2019: Sam Altman explains why he doesn\u2019t want to take OpenAI public just yet"},"content":{"rendered":"
\n
<\/p>\n
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\n \u201c<\/span>\u2018I don\u2019t want to be sued by \u2026 public market, Wall Street etc, so no, not that interested.\u2019\u201d<\/span>\n <\/p>\n


\n \u2014 OpenAI Chief Executive Sam Altman<\/span>
\n <\/small><\/p><\/div>\n<\/p><\/div>\n

It\u2019s arguably the hottest technology startup in the world, but OpenAI Chief Executive Sam Altman is in no hurry to take the Microsoft Corp.-backed company public.<\/p>\n

\u201cI don\u2019t want to be sued by \u2026 public market, Wall Street etc, so no, not that interested,\u201d Altman said Tuesday in response to a question at a conference in Abu Dhabi on whether he intends to take the creator of ChatGPT-4 public.<\/p>\n

\n

\u201cWhen we develop super intelligence, we are likely to make some decisions that most investors would look at very strangely,\u201d Altman said.<\/p>\n

Altman\u2019s reluctance and carefully crafted words were grounded in a fevered political climate over the deleterious impact of artificial intelligence on jobs, privacy and civil rights. On Tuesday, a bipartisan group of U.S. Senators, including Chuck Schumer, D-N.Y., and Mike Rounds, R-S.D., called for a summer summit on the potential and perils of AI.<\/p>\n

Yet nearly every tech company is plunging into the market as enterprise businesses and consumers increasingly embrace AI. On Monday, Apple Inc.
\n AAPL,
\n -0.21%<\/bg-quote>
\n unveiled Vision Pro, its $3,500 augmented-reality headset, following AI-related announcements in recent weeks from Microsoft
\n MSFT,
\n -0.67%<\/bg-quote>,<\/span>
\n Alphabet Inc.\u2019s
\n GOOGL,
\n +1.03%<\/bg-quote><\/p>\n

GOOG,
\n +1.01%<\/bg-quote>
\n Google, Facebook parent Meta Platforms Inc.
\n META,
\n -0.10%<\/bg-quote>,<\/span>
\n Adobe Inc.
\n ADBE,
\n -0.30%<\/bg-quote>,<\/span>
\n SAP
\n SAP,
\n +0.26%<\/bg-quote>,<\/span>
\n ServiceNow Inc.
\n NOW,
\n -0.16%<\/bg-quote>,<\/span>
\n and others.<\/p>\n

Read more: Is Apple\u2019s Vision Pro VR headset worth $3,499? Read this before shelling out.<\/strong><\/p>\n

They\u2019ve all followed the lead of OpenAI, which started as a non-profit organization but later created a hybrid \u201ccapped-profit\u201d company. So far, it has raised $10 billion from Microsoft at a valuation of nearly $30 billion.<\/p>\n

\u201cWe have a very strange structure,\u201d Altman said. \u201cWe have this cap-to-profit thing.\u201d<\/p>\n<\/p><\/div>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

\u201c\u2018I don\u2019t want to be sued by \u2026 public market, Wall Street etc, so no, not that interested.\u2019\u201d \u2014 OpenAI Chief Executive Sam Altman It\u2019s arguably the hottest technology startup in the world, but OpenAI Chief Executive Sam Altman is in no hurry to take the Microsoft Corp.-backed company public. \u201cI don\u2019t want to be […]<\/p>\n","protected":false},"author":1,"featured_media":15787,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[239],"tags":[83],"class_list":["post-19099","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-investing","tag-featured","post_format-post-format-video"],"yoast_head":"\n\u2018I don\u2019t want to be sued by \u2026 public market\u2019: Sam Altman explains why he doesn\u2019t want to take OpenAI public just yet | iFintechWorld<\/title>\n<meta name=\"description\" content=\"\u201c\u2018I don\u2019t want 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