Tag #Sam Altman

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sueddeutsche.de

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May 2, 10:12

World ID Launches in US, Expanding into Finance and Online Dating

World, backed by Sam Altman, is launching its eye-scan-based identity verification system in the US, expanding into financial services, online gaming, and dating to tackle AI-driven identity fraud, offering a fee-free money transfer app, Visa card, and a digital currency incentive.

World ID Launches in US, Expanding into Finance and Online Dating

World, backed by Sam Altman, is launching its eye-scan-based identity verification system in the US, expanding into financial services, online gaming, and dating to tackle AI-driven identity fraud, offering a fee-free money transfer app, Visa card, and a digital currency incentive.

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What are the immediate impacts of World's expansion into financial services and other sectors?

World, an identification project using eye scans to distinguish humans from machines online, is expanding into money transfers and other financial services. Users can send money to friends and family fee-free via the World app and will receive a bank account number for system interactions, plus a Visa card. The project is backed by Sam Altman, CEO of OpenAI, who argues that AI advancements make it harder to discern humans from software online.

edition.cnn.com

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Feb 13, 19:08

Musk's $97.4 Billion OpenAI Bid: A Conflict Over Nonprofit Structure

Elon Musk offered $97.4 billion for OpenAI, but may withdraw the bid if OpenAI remains a nonprofit; OpenAI's board rejected the offer, stating its fiduciary duty is to its mission. This conflict highlights the tensions between OpenAI's nonprofit roots and its rapid growth as a for-profit company.

Musk's $97.4 Billion OpenAI Bid: A Conflict Over Nonprofit Structure

Elon Musk offered $97.4 billion for OpenAI, but may withdraw the bid if OpenAI remains a nonprofit; OpenAI's board rejected the offer, stating its fiduciary duty is to its mission. This conflict highlights the tensions between OpenAI's nonprofit roots and its rapid growth as a for-profit company.

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What are the immediate consequences of Elon Musk's bid for OpenAI, and how does it impact the future of AI development?

Elon Musk offered $97.4 billion to acquire OpenAI, but he's willing to withdraw his bid if OpenAI maintains its nonprofit structure. OpenAI's board stated it's not for sale and has a fiduciary duty to its mission, not to Musk's interests. This conflict highlights the tension between OpenAI's original nonprofit goals and its current, rapidly growing for-profit operations.

themarker.com

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Feb 13, 16:08

Musk Withdraws Hostile OpenAI Bid

Elon Musk withdrew his $97.4 billion hostile takeover bid for OpenAI on Thursday, resolving a conflict with CEO Sam Altman, following accusations of a conflict of interest and concerns over OpenAI's shift towards for-profit activities. Musk conditioned his bid on OpenAI maintaining its non-profit st...

Musk Withdraws Hostile OpenAI Bid

Elon Musk withdrew his $97.4 billion hostile takeover bid for OpenAI on Thursday, resolving a conflict with CEO Sam Altman, following accusations of a conflict of interest and concerns over OpenAI's shift towards for-profit activities. Musk conditioned his bid on OpenAI maintaining its non-profit st...

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What are the immediate consequences of Elon Musk withdrawing his hostile takeover bid for OpenAI?

Elon Musk withdrew his $97.4 billion hostile takeover bid for OpenAI after OpenAI's CEO, Sam Altman, accused Musk of a conflict of interest. Musk's offer was contingent on OpenAI maintaining its non-profit structure, a condition Altman rejected. This follows a long-standing dispute between the two, stemming from Musk's departure from OpenAI in 2019 and his subsequent accusations that the company deviated from its original mission.

elpais.com

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Feb 12, 01:11

Musk's $97.4B OpenAI Bid Rejected, Exposing AI Power Struggle

Elon Musk's $97.4 billion bid to acquire OpenAI's non-profit section was rejected by CEO Sam Altman, escalating a conflict fueled by past disputes and political alliances, raising concerns about the concentration of power in the AI industry.

Musk's $97.4B OpenAI Bid Rejected, Exposing AI Power Struggle

Elon Musk's $97.4 billion bid to acquire OpenAI's non-profit section was rejected by CEO Sam Altman, escalating a conflict fueled by past disputes and political alliances, raising concerns about the concentration of power in the AI industry.

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What are the underlying causes of the conflict between Elon Musk and Sam Altman, and how do their political affiliations influence their actions?

Musk's offer reflects his rivalry with Altman, stemming from past disagreements over OpenAI's direction and culminating in lawsuits. Musk, now politically aligned with President Trump, seeks to influence AI development, potentially leveraging his access to sensitive government information for business advantage. This underscores the growing intersection of technology, politics, and concentrated wealth.

abcnews.go.com

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Feb 12, 10:11

OpenAI Rejects Musk's $97.4 Billion Takeover Bid

OpenAI CEO Sam Altman rejected Elon Musk's unsolicited $97.4 billion takeover bid on Tuesday, complicating OpenAI's transition to a for-profit company amid a long-standing feud between Altman and Musk, who alleges OpenAI has violated its original non-profit mission and has filed suit to stop the tra...

OpenAI Rejects Musk's $97.4 Billion Takeover Bid

OpenAI CEO Sam Altman rejected Elon Musk's unsolicited $97.4 billion takeover bid on Tuesday, complicating OpenAI's transition to a for-profit company amid a long-standing feud between Altman and Musk, who alleges OpenAI has violated its original non-profit mission and has filed suit to stop the tra...

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What are the immediate consequences of Elon Musk's rejected $97.4 billion takeover bid for OpenAI's planned transition to a for-profit company?

OpenAI CEO Sam Altman rejected a $97.4 billion takeover bid from Elon Musk, stating that the company is "not for sale." This rejection complicates OpenAI's transition from a non-profit to a for-profit entity, a move that has been challenged by Musk.

elmundo.es

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Feb 12, 04:11

Musk Bids $97.4 Billion for OpenAI, Altman Rejects

Elon Musk's group offered $97.4 billion to acquire OpenAI, challenging CEO Sam Altman's plans to transition it into a for-profit; Altman rejected the offer, citing mission incompatibility and highlighting the current structure's protection against individual control.

Musk Bids $97.4 Billion for OpenAI, Altman Rejects

Elon Musk's group offered $97.4 billion to acquire OpenAI, challenging CEO Sam Altman's plans to transition it into a for-profit; Altman rejected the offer, citing mission incompatibility and highlighting the current structure's protection against individual control.

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What are the immediate consequences of Elon Musk's $97.4 billion bid to acquire OpenAI, and how does it impact the AI industry's competitive landscape?

Elon Musk, along with a group of investors, offered $97.4 billion to acquire OpenAI, the leading AI company behind ChatGPT. This bid aims to counter OpenAI President Sam Altman's plans to transition the non-profit into a for-profit entity. Altman rejected the offer, ironically suggesting to buy Twitter instead for $9.74 billion.

aljazeera.com

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Feb 14, 07:09

Musk's $97.4 Billion OpenAI Bid Rejected Amidst Public Feud with Altman

Elon Musk's $97.4 billion bid to acquire OpenAI, co-founded with Sam Altman, was rejected, escalating a public feud fueled by disagreements over OpenAI's shift to a for-profit model and allegations of monopolistic practices, raising concerns about AI's future.

Musk's $97.4 Billion OpenAI Bid Rejected Amidst Public Feud with Altman

Elon Musk's $97.4 billion bid to acquire OpenAI, co-founded with Sam Altman, was rejected, escalating a public feud fueled by disagreements over OpenAI's shift to a for-profit model and allegations of monopolistic practices, raising concerns about AI's future.

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What are the long-term implications of this conflict for the future of AI research, funding, and regulation?

The Musk-Altman feud underscores the challenges of balancing ethical AI development with the financial demands of rapid technological advancement. Musk's actions may reflect a broader concern about the concentration of power in the AI industry. Future implications include increased regulatory scrutiny of large AI companies and a potential shift in the landscape of AI research and development.

lexpress.fr

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Feb 13, 10:10

Musk Sues Altman: OpenAI's For-Profit Shift Sparks Legal Battle

Elon Musk and Sam Altman, former friends and OpenAI co-founders, are embroiled in a legal battle, stemming from OpenAI's shift to a for-profit model, the alleged violation of their agreement to prioritize open-source AI development for the benefit of humanity, and Altman's involvement in the US gove...

Musk Sues Altman: OpenAI's For-Profit Shift Sparks Legal Battle

Elon Musk and Sam Altman, former friends and OpenAI co-founders, are embroiled in a legal battle, stemming from OpenAI's shift to a for-profit model, the alleged violation of their agreement to prioritize open-source AI development for the benefit of humanity, and Altman's involvement in the US gove...

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What are the key disagreements between Elon Musk and Sam Altman regarding OpenAI's development and ethical considerations?

In 2015, Elon Musk and Sam Altman co-founded OpenAI as a non-profit, but it transitioned to for-profit in 2017 to secure funding for AI development. Musk later left OpenAI, leading to a legal battle where he accuses Altman of violating their agreement to develop AI for humanity's benefit. This dispute highlights conflicting visions for AI development and its ethical implications.

english.elpais.com

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Feb 12, 16:19

Musk's $97.4 Billion Bid to Acquire OpenAI Fuels Founders' Decade-Long Feud

Elon Musk and Sam Altman, OpenAI's co-founders, are engaged in a high-stakes public dispute culminating in Musk's $97.4 billion bid to acquire OpenAI, fueled by disagreements over the company's direction and governance, and intensified by Musk's political influence.

Musk's $97.4 Billion Bid to Acquire OpenAI Fuels Founders' Decade-Long Feud

Elon Musk and Sam Altman, OpenAI's co-founders, are engaged in a high-stakes public dispute culminating in Musk's $97.4 billion bid to acquire OpenAI, fueled by disagreements over the company's direction and governance, and intensified by Musk's political influence.

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What were the initial goals of OpenAI, and how have those goals evolved, leading to the current conflict between its co-founders?

In 2015, Sam Altman and Elon Musk co-founded OpenAI with a $1 billion investment, aiming to develop beneficial AI. However, disagreements arose, leading to Musk's departure in 2018 and ongoing public disputes.

forbes.com

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Feb 12, 04:12

Musk's $97.4 Billion OpenAI Bid Raises Stakes in For-Profit Transition

Elon Musk's surprise $97.4 billion bid to acquire the nonprofit controlling OpenAI, announced during a global AI summit in Paris, has significantly raised the stakes in the company's transition to a for-profit entity, prompting OpenAI CEO Sam Altman to reject the offer, but potentially complicating ...

Musk's $97.4 Billion OpenAI Bid Raises Stakes in For-Profit Transition

Elon Musk's surprise $97.4 billion bid to acquire the nonprofit controlling OpenAI, announced during a global AI summit in Paris, has significantly raised the stakes in the company's transition to a for-profit entity, prompting OpenAI CEO Sam Altman to reject the offer, but potentially complicating ...

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What are the potential long-term implications of Musk's bid, including regulatory and competitive aspects?

The long-term consequence of Musk's actions could be increased regulatory scrutiny of OpenAI's transition to a for-profit structure. California's Attorney General might intervene if the final valuation of the nonprofit is deemed too low, potentially delaying or derailing the process. Musk's move also adds another layer to his ongoing feud with Altman, further complicating the future of both companies.

elmundo.es

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Feb 12, 04:11

Musk's $97.4 Billion Hostile Bid for OpenAI Rejected

Elon Musk offered $97.4 billion for OpenAI, a leading AI company, but Sam Altman rejected the hostile bid, citing concerns about Musk's intentions and the need to maintain OpenAI's nonprofit mission, leading to legal battles and valuation disputes.

Musk's $97.4 Billion Hostile Bid for OpenAI Rejected

Elon Musk offered $97.4 billion for OpenAI, a leading AI company, but Sam Altman rejected the hostile bid, citing concerns about Musk's intentions and the need to maintain OpenAI's nonprofit mission, leading to legal battles and valuation disputes.

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What are the potential long-term consequences of this conflict for OpenAI's transformation, its valuation, and the future of AI development?

The legal challenges and valuation disputes resulting from Musk's bid will significantly impact OpenAI's restructuring plans and future funding rounds. The substantial valuation implied by Musk's offer creates pressure on OpenAI's board to increase the nonprofit organization's share in the for-profit spin-off or its cash compensation, potentially delaying or altering its transformation. This situation reveals the inherent tension between maintaining a nonprofit mission and attracting substantial investments in the rapidly evolving AI sector.

edition.cnn.com

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Feb 11, 04:08

Musk Bids $97.4 Billion for OpenAI Amidst Legal Battles

Elon Musk's investor group offered $97.4 billion to acquire OpenAI, following legal disputes alleging OpenAI's violation of its non-profit charter and prioritizing profit over safety. The acquisition could shift OpenAI's direction and impact the broader AI industry.

Musk Bids $97.4 Billion for OpenAI Amidst Legal Battles

Elon Musk's investor group offered $97.4 billion to acquire OpenAI, following legal disputes alleging OpenAI's violation of its non-profit charter and prioritizing profit over safety. The acquisition could shift OpenAI's direction and impact the broader AI industry.

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How does the conflict between OpenAI's for-profit operations and its initial non-profit mission illustrate broader challenges in the AI industry?

Musk's offer stems from his belief that OpenAI deviated from its original mission by prioritizing profit over open-source development and safety. This contrasts with OpenAI's argument that its for-profit arm is necessary for funding crucial AI research and development, reflecting the inherent tensions between commercial viability and ethical considerations in the AI sector. The legal battles highlight the evolving regulatory challenges surrounding powerful AI technologies.

Showing 13 to 24 of 53 results