Elon Musk is one of the biggest backers of OpenAI, a company that created ChatGPT, however, he also revealed that he donated this tech firm $100 million, while criticizing its new profit-seeking direction.
Elon wrote on Twitter that he still doesn’t believe how OpenAI, to which he donated $100 million turned its direction into a profit-making business from a non-profit organization. The AI firm now has over $30 billion worth of market cap for profit.
Last month, Elon Musk also said that “OpenAI was created as an open source (which is why I named it “Open” AI), non-profit company to serve as a counterweight to Google, but now it has become a closed source, the maximum-profit company effectively controlled by Microsoft. Not what I intended at all.”
Elon Musk advocates regulations for AI and its utilization in the industry. He is well aware that AI is more destructive than it is useful.
Microsoft is the biggest investor in the organization and recently integrated ChatGPT into its not-so-useful Edge browser. It has more plans with ChatGPT in the near future.
In that case, OpenAI is now working for the business instead of innovation.
Back in 2019, OpenAI turned into OpenAI LP, a so-called new “capped-profit” company, which they call it a hybrid of for-profit and nonprofit.
After the launch of ChatGPT, OpenAI gathered 100 million users within just two months. This later poured more investment from Microsoft.
Elon Musk resigned from the OpenAI board of directors in 2018 to step away from possible future conflict among members. He said that OpenAI was pursuing different goals than his. Some of them, Elon strongly disagreed.
Since then, Elon continued opposing the unregulated use of AI in various sectors of the industry.
Eventually, the $100 million investment from Elon Musk made in OpenAI helped ChatGPT to become a massive success.