Elon Musk Reveals Declining OpenAI Shares Due to Ethical Concerns

Elon Musk said that he was offered shares in OpenAI at different times but decided it was not right or legal to accept them.

He served as co-chair of the AI company alongside Sam Altman at its inception in December 2015 and committed $1 billion to the project.

OpenAI, originally established as a nonprofit with a mission to advance artificial intelligence for the greater benefit of humanity, has found itself in the spotlight following remarks from Elon Musk, one of its early backers.

Musk, who was instrumental in the founding of OpenAI, recently responded to queries about his initial donation, expressing uncertainty about the legality of the organization’s structure. The billionaire refrained from divulging specifics such as the timing, quantity, or source of the shares offered to him.

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OpenAI Valuation Hits $80 Billion

elon-musk-reveals-declining-openai-shares-due-ethical-concerns
Elon Musk said that he was offered shares in OpenAI at different times but decided it was not right or legal to accept them.

The valuation of OpenAI has become a subject of discussion, reaching approximately $80 billion, as reported by The New York Times. This valuation was influenced by a recent deal allowing staff members to liquidate their shares in the company.

Despite attempts to seek clarification, representatives for OpenAI have not promptly responded to Business Insider’s request for comment, submitted outside standard working hours.

Musk’s association with OpenAI concluded in 2018 when he resigned from the board, citing the need to avoid potential conflicts with Tesla’s AI-centric endeavors. However, Musk later asserted his departure was due to disagreements with the OpenAI team.

Continuing his critical stance, Musk has raised concerns about OpenAI’s multibillion-dollar collaboration with tech giant Microsoft. He stated last year that the nonprofit has shifted its focus to “maximum-profit,” a direction he claims was never his original intention.

Notable is the fact that Musk himself joined the field of artificial intelligence (AI) in the previous year, forming his own AI firm and launching a chatbot that competes directly with OpenAI’s ChatGPT. The latest updates on OpenAI prompt inquiries into its organizational structure, valuation, and strategic partnerships, introducing a level of intricacy to the realm of artificial intelligence initiatives.

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