OpenAI considers transitioning to a for-profit company, partnering with Apple to enhance AI capabilities

2024-06-17

Recently, OpenAI, a leading company in the field of artificial intelligence, has made an important announcement. According to the authoritative media outlet The Information, CEO Sam Altman revealed during a shareholder meeting that OpenAI is exploring changes to its governance structure. The company plans to transition into a for-profit entity and reduce the control of its non-profit board.


According to insiders, OpenAI is considering establishing a for-profit welfare company, a structure that has been adopted by other AI companies such as Anthropic and xAI. This move not only lays the foundation for OpenAI's future initial public offering (IPO), but also provides CEO Sam Altman with an opportunity to have a stake in the company, further fueling market expectations for its future development.

With a current valuation of $86 billion, OpenAI's successful transition into a for-profit company will bring in more development funds and help drive continuous innovation in the field of artificial intelligence. OpenAI has not yet officially responded to this news.

Meanwhile, OpenAI announced last week that it will expand its lobbying department in response to increasingly stringent regulatory environments in the field of artificial intelligence. The goal is to establish a global affairs department with 50 employees in order to better address policy challenges and promote the healthy development of AI technology. Currently, the department has 35 employees, compared to only 3 last year.

Anna Makanju, Vice President of Government Affairs at OpenAI, stated in an interview, "We are committed to ensuring that artificial general intelligence (AGI) benefits all of humanity, rather than simply pursuing profit maximization. Therefore, we approach the issue not from the perspective of abolishing regulations, but actively cooperate with all parties to promote the responsible application of AI technology."

In addition, OpenAI has partnered with iPhone manufacturer Apple to inject advanced AI capabilities into Apple's digital assistant Siri and its writing tools. This collaboration not only strengthens OpenAI's position in the field of artificial intelligence, but also demonstrates Apple's commitment and investment in advanced technology.

Industry experts believe that OpenAI's transformation and collaboration with Apple will further drive the development and application of AI technology. At the same time, it also provides new opportunities for traditional financial institutions and payment companies, who need to embrace new technologies while maintaining their core businesses, in order to meet customer demands and achieve innovative development.