randonlyAIElon Musk attempted to take over OpenAI in 2018, but failed

Elon Musk attempted to take over OpenAI in 2018, but failed

Elon Musk attempted to take over OpenAI, the developer of ChatGPT, in early 2018, however Sam Altman and the other founders of OpenAI rejected Musk’s bid.

Musk, in turn, left the company and failed to make a large planned donation, as per Semafor.

Musk told Altman that he believed the “venture had fallen fatally behind Google”.

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But the Twitter CEO failed to convince OpenAI founders to take over the AI chatbot ChatGPT creator.

Musk left the company and left its board of directors in 2018, alleging a conflict of interest with his employment at Tesla.

He also broke his pledge to provide $1 billion in finance, allegedly giving only $100 million before walking away, according to a Semafor report.

As a result, OpenAI “no longer has the financial means to cover the exorbitant costs associated with training AI models on supercomputers”.

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OpenAI declared in March 2019 that it was creating a for-profit enterprise in order to raise the funds necessary to pay for the computing capacity.

“We want to increase our ability to raise capital while still serving our mission, and no pre-existing legal structure we know of strikes the right balance,” the company wrote at the time.

Microsoft invested $1 billion in OpenAI less than six months later, and the rest is history.

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They built a supercomputer to train large models that ultimately led to ChatGPT and the DALL-E image generator.

GPT-4, the latest language model, has one trillion parameters.

Musk has now questioned how a non-profit for the Satya Nadella-led digital behemoth transformed into a $30 billion maximum-profit company.

“I’m still confused as to how a non-profit to which I donated $100 million somehow became a $30 billion market cap for-profit. If this is legal, why doesn’t everyone do it?” he quipped.

Moreover, Musk has suspended OpenAI’s use of the Twitter database.

Microsoft has invested $10 billion in the AI chatbot ChatGPT, which is now all the rage. This will increase its use across industries.

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