Sam Altman – Credit Chen Galili
The New York Times is reporting that OpenAI, the company behind the ChatGPT chatbot that was founded by Sam Altman, is in talks to be sold at a company valuation of $80 million, If so, then OpenAI will have tripled its value in just six months.
According to the report, the venture firm Thrive Capital is making an offer in which OpenAI would sell existing shares in a tender offer.
OpenAI is an AI research and deployment company that says its mission is to ensure that artificial general intelligence benefits all of humanity.
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ChatGPT (Generative Pre-trained Transformer) is a chatbot that was launched by OpenAI in November 2022. Chatbot.com explains that a chatbot is software that simulates human-like conversations with users via chat. Its key task is to answer user questions with instant messages.
It is just one of many such programs available, with major firms like Google and Facebook engaged in a race to develop the most advanced AI programs. But we are still very far away from the possibility of machines taking over the world as they do in dystopian sci-fi movies like “The Terminator” and “The Matrix.”
Sam Altman founded OpenAI with his then-boyfriend Nick Sivo.
Sam Altman was born in St. Louis Missouri to a Jewish family in 1985. Altman studied computer science at Stanford, but never completed his B.A. When he was only 19-years-old, Altman co-founded Loopta location-based social networking mobile application, and managed to raise $30 million for the new company at such a young age.
Altman is a vocal advocate for responsible AI development. He has argued that AI has the potential to solve some of the world’s most pressing problems, but that it is important to develop AI in a safe and ethical way.
Sam Altman has been named one of the 100 most influential people in the world by Time magazine and one of the “Best Young Entrepreneurs in Technology” by Businessweek. He is also the founder of the Long Term Future Fund, a venture capital fund that invests in companies working to solve long-term problems like climate change and pandemics.
