I don’t understand how the company turning for profit if they need to is a bad thing knowing so many other companies investing heavily in AI are already for profit. I believe that staying non profit is a shot on the foot.
I think it makes sense. They claim the business needs more capital to operate and expand so this move lets them raise capital and their co-founder (and perhaps staff) get a financial stake in the business as an incentive. Google, Meta and the other players don't have a non-profit handicap when raising capital. I speculate whatever Altman saw inside their R&D dept was worth the backlash from pushing for a financial stake in the for-profit structure. He's playing Chess.
Perhaps. It is definitely possible we are overestimating the capabilities of a future LLM model like GPT5, however even if GPT5 is only a 1% improvement to GPT4o, and yes this will have a significant negative impact on the tech market, AI is never going away. This isn't like crypto where it's pure hype. There's a reason for this hype and it's because generative AI is actually useful, even right now. It's already being used for great things so the hype and excitement is not completely *artificial*, like it was with NFTs or crypto.
Considering it costs hundreds of millions of dollars to train each model, and over a million dollars a day to run... They have to make this up some how. I don't see the problem here.
@@AuroraColoradoUSA Generative AI has not always existed and a lot of the technologies and architectures behind these models is new (less than 10 years old). This is completely different to the traditional AI agents
@@MrMountain707 Yes but training GPT4 itself cost $100M, not even counting the employee costs of some of the greatest minds in tech. OpenAI offers ChatGPT for free with no adverts so again this is a major expense and unless they remove the free plan or flood the platform with ads, they will continue to burn money and will need the help of major investors. Something that will only continue to happen if they switch to a for-profit business model. If OpenAI were to stop getting funding tomorrow, I think you underestimate just how fast they would be out of business. Google, Microsoft, and even Amazon (with Anthropic) would jump ahead and dominate the market.
"Lot of questions about how the company is going to evolve"... yeah that's why we watch the news to get answers and critical information..not to get affiliations that oh we both have same set of questions, hurray!! and both of us know nothing about it rather than having some vague conspiracy theory and assumptions..
We Are in Unchartered Financial Waters! every day we encounter challenges that have become the new standard. Although we previously perceived it as a crisis, we now acknowledge it as the new normal and must adapt accordingly. Given the current economic difficulties that the country is experiencing in 2024, how can we enhance our earnings during this period of adjustment? I cannot let my $680,000 savings vanish after putting in so much effort to accumulate them..
Keeping some gold is usually a wise decision. You would be better off keeping away from equities for a bit or, even better, seeking advice from an expert given the current market conditions and everything that is at risk with the current economy.
You have a very valid point, I started investing on my own and for a long time, the market was really ripping me off. I decided to hire a CFA, even though I was skeptical at first, and I beat the market by more than 9%. I thought it was a fluke until it happened two years in a row, and so I’ve been sticking to investing via an analyst..
My CFA NICOLE ANASTASIA PLUMLEE a renowned figure in her line of work. I recommend researching her credentials further... She has many years of experience and is a valuable resource for anyone looking to navigate the financial market.. ..
Thank you for saving me hours of back and forth investigation into the markets. I simply copied and pasted her full name into my browser, and her website came up first in search results. She looks flawless.
@@patrickm6012 it's not public, and it's a silly concept anyway. computers do not do "AI", they do TASKS. computers have had "brains" ever since the beginning, so-called AI is no different than that
all about greed at the end of the day
Altman didn't create chatgpt. These executives didn't create chatgpt.
All the great engineers who are leaving openAI did that.
About time! Only makes sense to do it for profit. Can’t wait for it to scale and go public
Let's create the first AI and fire everybody! Not sus at all
Aka the AI Race begins!
That"s illegal. They should be sued.
shush little puppy, when they named the company openai and made it a nonprofit, it was opposite day. so they actually meant closed and for profit.
I don’t understand how the company turning for profit if they need to is a bad thing knowing so many other companies investing heavily in AI are already for profit. I believe that staying non profit is a shot on the foot.
OM-inous whistling continues... Just wait for October 17th.
I think it makes sense. They claim the business needs more capital to operate and expand so this move lets them raise capital and their co-founder (and perhaps staff) get a financial stake in the business as an incentive. Google, Meta and the other players don't have a non-profit handicap when raising capital. I speculate whatever Altman saw inside their R&D dept was worth the backlash from pushing for a financial stake in the for-profit structure. He's playing Chess.
AI cheats gotta cash out before the bubble bursts.
What are you talking about?
Perhaps. It is definitely possible we are overestimating the capabilities of a future LLM model like GPT5, however even if GPT5 is only a 1% improvement to GPT4o, and yes this will have a significant negative impact on the tech market, AI is never going away. This isn't like crypto where it's pure hype. There's a reason for this hype and it's because generative AI is actually useful, even right now. It's already being used for great things so the hype and excitement is not completely *artificial*, like it was with NFTs or crypto.
Молодцы...подняли автоматизацию на новый уровень...а сейчас деньги со всего мира будут получать....
I will only use OpenAI products if there non-profit.
So instead you will go to the for-profit alternatives?
Considering it costs hundreds of millions of dollars to train each model, and over a million dollars a day to run... They have to make this up some how. I don't see the problem here.
to train what model? To do what? Computers don't do "AI", they do TASKS. So-called AI has always existed, since the first computer.
Plenty of non profits can run just fine.
@@AuroraColoradoUSA Generative AI has not always existed and a lot of the technologies and architectures behind these models is new (less than 10 years old). This is completely different to the traditional AI agents
@@MrMountain707 Yes but training GPT4 itself cost $100M, not even counting the employee costs of some of the greatest minds in tech. OpenAI offers ChatGPT for free with no adverts so again this is a major expense and unless they remove the free plan or flood the platform with ads, they will continue to burn money and will need the help of major investors. Something that will only continue to happen if they switch to a for-profit business model. If OpenAI were to stop getting funding tomorrow, I think you underestimate just how fast they would be out of business. Google, Microsoft, and even Amazon (with Anthropic) would jump ahead and dominate the market.
@@AuroraColoradoUSAit's called Matrix math
Considering that OpenAI has been using my AI architecture, they may as well hire the best. Me.
"Lot of questions about how the company is going to evolve"... yeah that's why we watch the news to get answers and critical information..not to get affiliations that oh we both have same set of questions, hurray!! and both of us know nothing about it rather than having some vague conspiracy theory and assumptions..
It’s been such a help. Please don’t lol
We Are in Unchartered Financial Waters! every day we encounter challenges that have become the new standard. Although we previously perceived it as a crisis, we now acknowledge it as the new normal and must adapt accordingly. Given the current economic difficulties that the country is experiencing in 2024, how can we enhance our earnings during this period of adjustment? I cannot let my $680,000 savings vanish after putting in so much effort to accumulate them..
Keeping some gold is usually a wise decision. You would be better off keeping away from equities for a bit or, even better, seeking advice from an expert given the current market conditions and everything that is at risk with the current economy.
You have a very valid point, I started investing on my own and for a long time, the market was really ripping me off. I decided to hire a CFA, even though I was skeptical at first, and I beat the market by more than 9%. I thought it was a fluke until it happened two years in a row, and so I’ve been sticking to investing via an analyst..
Could you possibly recommend a CFA you've consulted with?
My CFA NICOLE ANASTASIA PLUMLEE a renowned figure in her line of work. I recommend researching her credentials further... She has many years of experience and is a valuable resource for anyone looking to navigate the financial market..
..
Thank you for saving me hours of back and forth investigation into the markets. I simply copied and pasted her full name into my browser, and her website came up first in search results. She looks flawless.
OpenAI is the next Theranos.
It'll ru|e😂
Soon Open AI will become like Facebook. A mess.
The stock price is up nearly 64% what is your concern as a shareholder?
@@patrickm6012
it's not public, and it's a silly concept anyway.
computers do not do "AI", they do TASKS.
computers have had "brains" ever since the beginning, so-called AI is no different than that
@@AuroraColoradoUSA Facebook or Meta is publicly traded.
@@patrickm6012
I thought the subject was "AI"
@@AuroraColoradoUSA the OP said that Facebook was a mess and I countered that with the fact that stock price is soaring. Was that hard to comprehend?
Hey Open AI take me as your employee - if they are leaving , we need to make 4,5,6,7,8,9,10...........gpts
great video< buy short
Trash push you mean
good 👍, capitalism neet capital
👁️