The King of AI
As artificial intelligence continues to inject strong sentiment throughout the broader stock market, understanding one of the largest players in the game may be insightful for investors’ decisions. Recently, ChatGPT maker OpenAI has had several advancements and concerns that have faced the company. For those unfamiliar, OpenAI remains one of the biggest generative AI makers in the nation, backed by tech giant Microsoft in a lucrative multiyear deal. According to Bloomberg, the company, which is not public, is valued as high as $86 billion. It has succeeded in creating some of the most used tools in the space, and its founder and CEO Sam Altman has quickly become a fan favorite in the industry. However, the firm faces major headwinds as being at the top includes all of the position’s pressures.
Just a few months ago, an attempted coup over Sam Altman’s executive position led to a fiasco where the founder was ousted as CEO and returned after shareholder discontent. There remains a lot of mystery as to exactly why the issue began and how it was able to be resolved. Aside from the executive troubles, OpenAI faces some concerns across the legal front. Popular newspaper company The New York Times sued OpenAI and Microsoft over their large language model, claiming the data used to source their tools utilizes its own copyrighted information that is prohibited for profit. Last week, Elon Musk, one of the company’s initial founders, also filed a lawsuit claiming OpenAI is in violation of its initial plans to grow for the benefit of society rather than profit. In the end, the firm has continued to excel through a rough environment, but even new players like Google are going to continue to add pressures that will test whether OpenAI is strong enough to stay as the king of AI.
