OpenAI CEO, Sam Altman, announced at a conference in Abu Dhabi that the company has no immediate plans to go public due to concerns over the potential consequences of developing superintelligent AI and the decisions it may make. Altman stated that OpenAI is not particularly interested in taking the company public, as it could be viewed unfavourably by investors and the public market. Instead, the company is focusing on expanding its computing capabilities through external funding while ensuring the benefits continue to extend to the original non-profit operation.
Altman and other prominent scientists involved in the development and promotion of AI technology have consistently emphasised the potential risks, particularly concerning generative AI models like ChatGPT. Some have even compared these models to threats on an existential level, advocating for regulatory measures.
During his time in Europe, Altman sparked controversy by hinting that OpenAI might relocate if compliance with upcoming AI regulations becomes overly challenging. However, the company later clarified that it did not threaten to leave the EU and expressed its eagerness to operate within Europe while awaiting further clarity on the EU AI Act.
Despite the challenges and debates surrounding AI, Altman found support from EU tech chief Margrethe Vestager, who interpreted Altman’s comments as a commitment to doing their best.
Altman emphasised that the growth of AI will revolutionise various industries, surpassing the capabilities of current AI models like GPT-4. He predicted that future AI systems would incorporate images, audio, video, text, and computer programming, presenting a vast array of possibilities. While concerns exist about job displacement due to AI, Altman noted that future jobs would be significantly different from those today, highlighting the potential for new opportunities in this evolving landscape.
