OpenAI Inc - Revision history

>Ish21: /* Deal Rational */

2023-08-25T10:26:16Z

Deal Rational

← Older revision		Revision as of 11:26, 25 August 2023
Line 181:		Line 181:
	# '''Governance (G):''' OpenAI's charter outlines its governance approach, emphasizing long-term safety, technical leadership, and cooperative orientation. OpenAI is also committed to transparency, although they note that safety and security concerns may reduce their traditional publishing in the future.		# '''Governance (G):''' OpenAI's charter outlines its governance approach, emphasizing long-term safety, technical leadership, and cooperative orientation. OpenAI is also committed to transparency, although they note that safety and security concerns may reduce their traditional publishing in the future.

	== Deal ~~Rational~~ ==		== Deal Rationale ==
	As of the writing of this report no financial data has been made available to the general public. The only indication of OpenAI's value is the investment size made to OpenAI by various Venture Capital firms (including Sequoia Capital, Andreessen Horowitz, Thrive and K2 Global) and large technology conglomerates (including Microsoft). The venture capital firms have invested just over $300 million and Microsoft has invested $10 billion. This gives OpenAI a valuation of $28 billion dollars. The venture capital firm's aims seem transparent enough however, microsoft's investment in OpenAI is much more nuanced (explored more in the next section).<ref>https://techcrunch.com/2023/04/28/openai-funding-valuation-chatgpt/</ref>		As of the writing of this report no financial data has been made available to the general public. The only indication of OpenAI's value is the investment size made to OpenAI by various Venture Capital firms (including Sequoia Capital, Andreessen Horowitz, Thrive and K2 Global) and large technology conglomerates (including Microsoft). The venture capital firms have invested just over $300 million and Microsoft has invested $10 billion. This gives OpenAI a valuation of $28 billion dollars. The venture capital firm's aims seem transparent enough however, microsoft's investment in OpenAI is much more nuanced (explored more in the next section).<ref>https://techcrunch.com/2023/04/28/openai-funding-valuation-chatgpt/</ref>

	'''Microsoft's Investment ~~Rational~~'''		'''Microsoft's Investment Rationale'''

	* To supercharge its supercomputing division through vertical integration.		* To supercharge its supercomputing division through vertical integration.

>SXu: /* ESG Factors */

2023-08-25T01:28:25Z

ESG Factors

← Older revision		Revision as of 02:28, 25 August 2023
Line 174:		Line 174:

	The general public might be hesitant to use technology which incorporates a significant amount of AI. There might be a general resistance from the consumers which needs to be overcome and acquiring consumer's trust and resolving any misconceptions or concerns will take some time.		The general public might be hesitant to use technology which incorporates a significant amount of AI. There might be a general resistance from the consumers which needs to be overcome and acquiring consumer's trust and resolving any misconceptions or concerns will take some time.

			== ESG Factors ==

			# '''Environmental (E):''' OpenAI's direct environmental impact, in terms of operations, might come from the computational resources required for training large models like mine. Energy consumption, especially from non-renewable sources, is a concern in the AI research community. OpenAI has been part of discussions regarding the environmental impact of training large models and has acknowledged these concerns in the past.
			# '''Social (S):''' OpenAI's mission is inherently social – to benefit all of humanity. They are committed to ensuring AGI's benefits are broadly distributed and avoiding uses of AI that harm humanity. They actively collaborate with other institutions, aiming for a cooperative global approach to AGI.
			# '''Governance (G):''' OpenAI's charter outlines its governance approach, emphasizing long-term safety, technical leadership, and cooperative orientation. OpenAI is also committed to transparency, although they note that safety and security concerns may reduce their traditional publishing in the future.

	== Deal Rational ==		== Deal Rational ==

>SXu: /* Corporate strategy */

2023-08-25T01:24:23Z

Corporate strategy

← Older revision		Revision as of 02:24, 25 August 2023
Line 93:		Line 93:

	== Corporate strategy ==		== Corporate strategy ==

			# '''Broadly distributed benefits:''' OpenAI commits to use any influence it obtains over AGI to ensure it is used for the benefit of everyone. It also seeks to avoid enabling uses of AI or AGI that harm humanity or concentrate power unduly.
			# '''Long-term safety:''' OpenAI is dedicated to researching and promoting the safe use of AGI. They have expressed concerns about AGI development becoming a competitive race without adequate safety precautions. If a safety-conscious project gets close to building AGI before OpenAI, they commit to stop competing and start assisting that project.
			# '''Technical leadership:''' OpenAI believes that in order to effectively address AGI's societal impact, it must be at the forefront of AI capabilities. Policy and safety advocacy alone would not be sufficient.
			# '''Cooperative orientation:''' OpenAI actively cooperates with other research and policy institutions and aims to create a global community working together to tackle AGI's global challenges.

	== Competitor analysis ==		== Competitor analysis ==

>Vraj Agarwal: /* Financials and Statistics */

2023-08-25T00:36:48Z

Financials and Statistics

← Older revision		Revision as of 01:36, 25 August 2023
Line 118:		Line 118:
	* The main target of Cohere are enterprise users therefore they focus on high-performance, secure and reliable language models. They have currently raised $170 million and once it reaches $6 billion valuation additional funding would be obtained. It is estimated that Cohere made $2.3 million in 2021<ref>https://aisupremacy.substack.com/p/the-top-six-rivals-competing-with</ref>.		* The main target of Cohere are enterprise users therefore they focus on high-performance, secure and reliable language models. They have currently raised $170 million and once it reaches $6 billion valuation additional funding would be obtained. It is estimated that Cohere made $2.3 million in 2021<ref>https://aisupremacy.substack.com/p/the-top-six-rivals-competing-with</ref>.

	== Financials and Statistics ==		== Financials and Statistics <ref>[https://investingintheweb.com/education/openai-statistics/#:~:text=The%20openai.com%20website%20has,around%201.7%20billion%20monthly%20visits. https://investingintheweb.com/education/openai-statistics/#:~:text=The%20openai.com%20website%20has,around%201.7%20billion%20monthly%20visits.]</ref> ==
	Chat GPT is the fastest platform to reach 1 million users compared to some of the other popular social media and streaming platforms such as Instagram, Facebook and Netflix. Chat GPT reached 1 million users in 5 days while Instagram took 15 times longer (75 days) and Netflix took 3.5 years.		Chat GPT is the fastest platform to reach 1 million users compared to some of the other popular social media and streaming platforms such as Instagram, Facebook and Netflix. Chat GPT reached 1 million users in 5 days while Instagram took 15 times longer (75 days) and Netflix took 3.5 years.

Line 136:		Line 136:

	== Risks ==		== Risks ==
	'''1. Dependence on Talent'''		'''1. Dependence on Talent''' <ref name=":0">https://pestleanalysis.com/openai-swot-analysis/</ref>

	OpenAI has a highly talented workforce which allows it to create advanced platforms and services for its users. Therefore, the company is very dependent on the researchers and engineers in its teams. The competition in the market is fierce so if the employees are offered better salary packages and incentives, they could leave and join the competitor firms. As a result, OpenAI risks loosing vital knowledge and expertise on the released and other services currently under development.		OpenAI has a highly talented workforce which allows it to create advanced platforms and services for its users. Therefore, the company is very dependent on the researchers and engineers in its teams. The competition in the market is fierce so if the employees are offered better salary packages and incentives, they could leave and join the competitor firms. As a result, OpenAI risks loosing vital knowledge and expertise on the released and other services currently under development.


	'''2. Uncertainty about the real world impact'''		'''2. Uncertainty about the real world impact''' <ref name=":0" />

	Many of the OpenAI services are in the research phase and their exact implication in the real world in not yet completely known. It is unclear as to how these developments will be applied to the practical world to resolve some of the problems and the expectations could be unrealistcally high. It will take more time to understand the exact applications and benefits of these new services and platforms in the real world.		Many of the OpenAI services are in the research phase and their exact implication in the real world in not yet completely known. It is unclear as to how these developments will be applied to the practical world to resolve some of the problems and the expectations could be unrealistcally high. It will take more time to understand the exact applications and benefits of these new services and platforms in the real world.


	'''3. Competition'''		'''3. Competition''' <ref name=":0" />

	OpenAI is facing fierce competitions against other major industry players such as Facebook and Google who have also invested significantly in AI research. Additionally, new players (smaller start-ups) are emerging in the market. OpenAI risks losing its customer base and top employee talent to its competitors.		OpenAI is facing fierce competitions against other major industry players such as Facebook and Google who have also invested significantly in AI research. Additionally, new players (smaller start-ups) are emerging in the market. OpenAI risks losing its customer base and top employee talent to its competitors.


	'''4. Regulations'''		'''4. Regulations''' <ref name=":0" />

	Across the globe, governments are placing new strict regulations to ensure that advancements in AI technology considers privacy, bias and ethics. New regulations could stunt the development of further ambitious AI technology and limit the wide variety of applications of the current innovations.		Across the globe, governments are placing new strict regulations to ensure that advancements in AI technology considers privacy, bias and ethics. New regulations could stunt the development of further ambitious AI technology and limit the wide variety of applications of the current innovations.


	'''5. Cyber Security Risks'''		'''5. Cyber Security Risks''' <ref name=":0" />

	As some of the services and platforms offered by OpenAI become more popular, it becomes more venerable to cyber attacks. Open AI naturally accesses a large amount of data, some of which can be very sensitive making it an ideal target. Any malicious attacks on its system could land OpenAI in lots of legal consequences.		As some of the services and platforms offered by OpenAI become more popular, it becomes more venerable to cyber attacks. Open AI naturally accesses a large amount of data, some of which can be very sensitive making it an ideal target. Any malicious attacks on its system could land OpenAI in lots of legal consequences.


	'''6. Supply Chain'''		'''6. Supply Chain''' <ref>https://www.konsyse.com/articles/openai-swot-analysis/?utm_content=cmp-true</ref>

	AI technology is dependent on hardware such as graphic processor. As the demand for the advanced technology rises, any problems with the supply chain could be a significant risk		AI technology is dependent on hardware such as graphic processor. As the demand for the advanced technology rises, any problems with the supply chain could be a significant risk


	'''7. Public Perception'''		'''7. Public Perception''' <ref>https://biznewske.com/in-depth-swot-analysis-of-openai/</ref>

	The general public might be hesitant to use technology which incorporates a significant amount of AI. There might be a general resistance from the consumers which needs to be overcome and acquiring consumer's trust and resolving any misconceptions or concerns will take some time.		The general public might be hesitant to use technology which incorporates a significant amount of AI. There might be a general resistance from the consumers which needs to be overcome and acquiring consumer's trust and resolving any misconceptions or concerns will take some time.

>Vraj Agarwal: /* Financials and Statistics */

2023-08-25T00:31:59Z

Financials and Statistics

>Vraj Agarwal at 00:17, 25 August 2023

2023-08-25T00:17:13Z

@@ Line 118: / Line 118: @@
 * The main target of Cohere are enterprise users therefore they focus on high-performance, secure and reliable language models. They have currently raised $170 million and once it reaches $6 billion valuation additional funding would be obtained. It is estimated that Cohere made $2.3 million in 2021<ref>https://aisupremacy.substack.com/p/the-top-six-rivals-competing-with</ref>.
-== Historical and forward financials ==
+== Financials and Statistics ==
 == Risks ==
 == Deal Rational ==

>Moaz: /* Ownership structure */

2023-08-24T23:58:40Z

Ownership structure

← Older revision		Revision as of 00:58, 25 August 2023
Line 80:		Line 80:

	== Ownership structure ==		== Ownership structure ==
	[[File:Org-structure.svg~~\|center~~\|thumb\|600x600px\|-OpenAI's unique ownership structure reflects its transition from a non-profit organization to a capped for-profit entity. Initiated in 2019, this change set a limitation on investor profits, capping returns at a maximum of 100x on any investment made into the company. This unprecedented structure was engineered with the ambitious goal of developing artificial general intelligence (AGI), which has the potential to unlock vast economic value, but also necessitates responsible wealth distribution.In addition to transforming its organizational status, OpenAI entered into a strategic partnership with Microsoft. Microsoft invested $1 billion and became OpenAI’s exclusive cloud provider. This alliance not only provided OpenAI with essential capital but also with a robust cloud infrastructure to facilitate its research and development activities.		[[File:Org-structure.svg\|thumb\|600x600px]]-OpenAI's unique ownership structure reflects its transition from a non-profit organization to a capped for-profit entity. Initiated in 2019, this change set a limitation on investor profits, capping returns at a maximum of 100x on any investment made into the company. This unprecedented structure was engineered with the ambitious goal of developing artificial general intelligence (AGI), which has the potential to unlock vast economic value, but also necessitates responsible wealth distribution.

			-In addition to transforming its organizational status, OpenAI entered into a strategic partnership with Microsoft. Microsoft invested $1 billion and became OpenAI’s exclusive cloud provider. This alliance not only provided OpenAI with essential capital but also with a robust cloud infrastructure to facilitate its research and development activities.

			-Two years after Microsoft's initial investment, OpenAI’s ownership diversified further through a stock sale to reputable venture capital firms. These included Sequoia Capital, Tiger Global Management, Andreessen Horowitz, and Bedrock Capital. These investments served to bolster OpenAI's capital base and potentially provided strategic advantages through the VC firms' extensive networks and expertise. Come 2023, reports emerged that Microsoft was considering an additional $10 billion investment in OpenAI, which would value the company at an estimated $29 billion. This proposed deal has a rather distinctive structure. Microsoft would be entitled to 75% of OpenAI’s future profits until the $10 billion investment is recouped. Following that, Microsoft's share of the profits would drop to 49% until it reaches its own capped return, the details of which would be defined in the final agreement. This structure underscores the symbiotic relationship between the two entities while also aligning with OpenAI’s capped profit ethos.

	-~~Two years after Microsoft~~'s ~~initial investment, OpenAI’s ownership diversified further through a stock sale~~ to ~~reputable venture capital firms~~. ~~These included Sequoia Capital~~, ~~Tiger Global Management~~, ~~Andreessen Horowitz~~, ~~and Bedrock Capital~~. ~~These investments served to bolster~~ OpenAI~~'s capital base and potentially provided strategic advantages through the VC firms' extensive networks and expertise~~.		-Notably, OpenAI's capped profit structure also extends to limited partners (LPs). Once an LP reaches their maximum return of 100x, as set by individual agreements, the ownership remains but the profits accrue to OpenAI LP, the organizational body overseeing OpenAI’s operational aspects. This setup ensures that after fulfilling the capped returns for its limited partners, OpenAI would essentially become a self-sustaining entity.

	~~Come 2023~~, ~~reports emerged that Microsoft was considering an additional $10 billion investment~~ in ~~OpenAI, which would~~ value ~~the company at an estimated $29 billion~~. ~~This proposed deal has~~ a ~~rather distinctive structure. Microsoft would be entitled to 75%~~ of ~~OpenAI’s future profits until the $10 billion investment is recouped. Following that~~, ~~Microsoft's share of~~ the ~~profits would drop~~ to ~~49% until it reaches its own capped return,~~ the ~~details~~ of ~~which would be defined in~~ the ~~final agreement. This structure underscores the symbiotic relationship between the two entities while also aligning with OpenAI’s capped~~ profit ~~ethos~~.		-The driving force behind this intricate structure is OpenAI’s mission to responsibly develop AGI. The belief is that if AGI were to be achieved or approximated, it could generate trillions of dollars in economic value. Given OpenAI’s origins as a non-profit with a focus on the ethical implications of AI, the capped-profit structure aims to allow for the redistribution of this immense wealth to the public through a non-profit foundation.

			-As of 2023, other venture capital firms like Thrive Capital and Founders Fund have also expressed interest in acquiring existing shares of OpenAI, indicating the growing investor interest in the company’s technological ambitions and unique economic model.
	-Notably, OpenAI's capped profit structure also extends to limited partners (LPs). Once an LP reaches their maximum return of 100x, as set by individual agreements, the ownership remains but the profits accrue to OpenAI LP, the organizational body overseeing OpenAI’s operational aspects. This setup ensures that after fulfilling the capped returns for its limited partners, OpenAI would essentially become a self-sustaining entity.


	-The driving force behind this intricate structure is OpenAI’s mission to responsibly develop AGI. The belief is that if AGI were to be achieved or approximated, it could generate trillions of dollars in economic value. Given OpenAI’s origins as a non-profit with a focus on the ethical implications of AI, the capped-profit structure aims to allow for the redistribution of this immense wealth to the public through a non-profit foundation.


	-As of 2023, other venture capital firms like Thrive Capital and Founders Fund have also expressed interest in acquiring existing shares of OpenAI, indicating the growing investor interest in the company’s technological ambitions and unique economic model.]]

	== Corporate strategy ==		== Corporate strategy ==

>Moaz: /* Ownership structure */

2023-08-24T23:57:28Z

Ownership structure

← Older revision		Revision as of 00:57, 25 August 2023
Line 80:		Line 80:

	== Ownership structure ==		== Ownership structure ==
	[[File:Org-structure.svg\|center\|thumb\|600x600px\|OpenAI's unique ownership structure reflects its transition from a non-profit organization to a capped for-profit entity. Initiated in 2019, this change set a limitation on investor profits, capping returns at a maximum of 100x on any investment made into the company. This unprecedented structure was engineered with the ambitious goal of developing artificial general intelligence (AGI), which has the potential to unlock vast economic value, but also necessitates responsible wealth distribution.In addition to transforming its organizational status, OpenAI entered into a strategic partnership with Microsoft. Microsoft invested $1 billion and became OpenAI’s exclusive cloud provider. This alliance not only provided OpenAI with essential capital but also with a robust cloud infrastructure to facilitate its research and development activities.		[[File:Org-structure.svg\|center\|thumb\|600x600px\|-OpenAI's unique ownership structure reflects its transition from a non-profit organization to a capped for-profit entity. Initiated in 2019, this change set a limitation on investor profits, capping returns at a maximum of 100x on any investment made into the company. This unprecedented structure was engineered with the ambitious goal of developing artificial general intelligence (AGI), which has the potential to unlock vast economic value, but also necessitates responsible wealth distribution.In addition to transforming its organizational status, OpenAI entered into a strategic partnership with Microsoft. Microsoft invested $1 billion and became OpenAI’s exclusive cloud provider. This alliance not only provided OpenAI with essential capital but also with a robust cloud infrastructure to facilitate its research and development activities.


	Two years after Microsoft's initial investment, OpenAI’s ownership diversified further through a stock sale to reputable venture capital firms. These included Sequoia Capital, Tiger Global Management, Andreessen Horowitz, and Bedrock Capital. These investments served to bolster OpenAI's capital base and potentially provided strategic advantages through the VC firms' extensive networks and expertise.
			-Two years after Microsoft's initial investment, OpenAI’s ownership diversified further through a stock sale to reputable venture capital firms. These included Sequoia Capital, Tiger Global Management, Andreessen Horowitz, and Bedrock Capital. These investments served to bolster OpenAI's capital base and potentially provided strategic advantages through the VC firms' extensive networks and expertise.

	Come 2023, reports emerged that Microsoft was considering an additional $10 billion investment in OpenAI, which would value the company at an estimated $29 billion. This proposed deal has a rather distinctive structure. Microsoft would be entitled to 75% of OpenAI’s future profits until the $10 billion investment is recouped. Following that, Microsoft's share of the profits would drop to 49% until it reaches its own capped return, the details of which would be defined in the final agreement. This structure underscores the symbiotic relationship between the two entities while also aligning with OpenAI’s capped profit ethos.		Come 2023, reports emerged that Microsoft was considering an additional $10 billion investment in OpenAI, which would value the company at an estimated $29 billion. This proposed deal has a rather distinctive structure. Microsoft would be entitled to 75% of OpenAI’s future profits until the $10 billion investment is recouped. Following that, Microsoft's share of the profits would drop to 49% until it reaches its own capped return, the details of which would be defined in the final agreement. This structure underscores the symbiotic relationship between the two entities while also aligning with OpenAI’s capped profit ethos.


	Notably, OpenAI's capped profit structure also extends to limited partners (LPs). Once an LP reaches their maximum return of 100x, as set by individual agreements, the ownership remains but the profits accrue to OpenAI LP, the organizational body overseeing OpenAI’s operational aspects. This setup ensures that after fulfilling the capped returns for its limited partners, OpenAI would essentially become a self-sustaining entity.		-Notably, OpenAI's capped profit structure also extends to limited partners (LPs). Once an LP reaches their maximum return of 100x, as set by individual agreements, the ownership remains but the profits accrue to OpenAI LP, the organizational body overseeing OpenAI’s operational aspects. This setup ensures that after fulfilling the capped returns for its limited partners, OpenAI would essentially become a self-sustaining entity.


	The driving force behind this intricate structure is OpenAI’s mission to responsibly develop AGI. The belief is that if AGI were to be achieved or approximated, it could generate trillions of dollars in economic value. Given OpenAI’s origins as a non-profit with a focus on the ethical implications of AI, the capped-profit structure aims to allow for the redistribution of this immense wealth to the public through a non-profit foundation.		-The driving force behind this intricate structure is OpenAI’s mission to responsibly develop AGI. The belief is that if AGI were to be achieved or approximated, it could generate trillions of dollars in economic value. Given OpenAI’s origins as a non-profit with a focus on the ethical implications of AI, the capped-profit structure aims to allow for the redistribution of this immense wealth to the public through a non-profit foundation.


	As of 2023, other venture capital firms like Thrive Capital and Founders Fund have also expressed interest in acquiring existing shares of OpenAI, indicating the growing investor interest in the company’s technological ambitions and unique economic model.]]		-As of 2023, other venture capital firms like Thrive Capital and Founders Fund have also expressed interest in acquiring existing shares of OpenAI, indicating the growing investor interest in the company’s technological ambitions and unique economic model.]]

	== Corporate strategy ==		== Corporate strategy ==

>Moaz: /* Ownership structure */

2023-08-24T23:56:33Z

Ownership structure

← Older revision		Revision as of 00:56, 25 August 2023
Line 80:		Line 80:

	== Ownership structure ==		== Ownership structure ==
			[[File:Org-structure.svg\|center\|thumb\|600x600px\|OpenAI's unique ownership structure reflects its transition from a non-profit organization to a capped for-profit entity. Initiated in 2019, this change set a limitation on investor profits, capping returns at a maximum of 100x on any investment made into the company. This unprecedented structure was engineered with the ambitious goal of developing artificial general intelligence (AGI), which has the potential to unlock vast economic value, but also necessitates responsible wealth distribution.In addition to transforming its organizational status, OpenAI entered into a strategic partnership with Microsoft. Microsoft invested $1 billion and became OpenAI’s exclusive cloud provider. This alliance not only provided OpenAI with essential capital but also with a robust cloud infrastructure to facilitate its research and development activities.


			Two years after Microsoft's initial investment, OpenAI’s ownership diversified further through a stock sale to reputable venture capital firms. These included Sequoia Capital, Tiger Global Management, Andreessen Horowitz, and Bedrock Capital. These investments served to bolster OpenAI's capital base and potentially provided strategic advantages through the VC firms' extensive networks and expertise.

			Come 2023, reports emerged that Microsoft was considering an additional $10 billion investment in OpenAI, which would value the company at an estimated $29 billion. This proposed deal has a rather distinctive structure. Microsoft would be entitled to 75% of OpenAI’s future profits until the $10 billion investment is recouped. Following that, Microsoft's share of the profits would drop to 49% until it reaches its own capped return, the details of which would be defined in the final agreement. This structure underscores the symbiotic relationship between the two entities while also aligning with OpenAI’s capped profit ethos.


			Notably, OpenAI's capped profit structure also extends to limited partners (LPs). Once an LP reaches their maximum return of 100x, as set by individual agreements, the ownership remains but the profits accrue to OpenAI LP, the organizational body overseeing OpenAI’s operational aspects. This setup ensures that after fulfilling the capped returns for its limited partners, OpenAI would essentially become a self-sustaining entity.


			The driving force behind this intricate structure is OpenAI’s mission to responsibly develop AGI. The belief is that if AGI were to be achieved or approximated, it could generate trillions of dollars in economic value. Given OpenAI’s origins as a non-profit with a focus on the ethical implications of AI, the capped-profit structure aims to allow for the redistribution of this immense wealth to the public through a non-profit foundation.


			As of 2023, other venture capital firms like Thrive Capital and Founders Fund have also expressed interest in acquiring existing shares of OpenAI, indicating the growing investor interest in the company’s technological ambitions and unique economic model.]]

	== Corporate strategy ==		== Corporate strategy ==

>Moaz: /* Leadership */

2023-08-24T23:49:20Z

Leadership

← Older revision		Revision as of 00:49, 25 August 2023
Line 47:		Line 47:
	==== Sam Altman, CEO ====		==== Sam Altman, CEO ====

	* ~~Role:~~ Responsible for overall company strategy, high-level decisions, and business partnerships.		* Responsible for overall company strategy, high-level decisions, and business partnerships. Former president of Y Combinator, co-founder of multiple startups, and personal co-founder of OpenAI. Noted for expertise in entrepreneurship and investment.
	* Background: Former president of Y Combinator, co-founder of multiple startups, and personal co-founder of OpenAI. Noted for expertise in entrepreneurship and investment.
	*		*

Line 54:		Line 53:

	=== Greg Brockman, President & Co-Founder ===		=== Greg Brockman, President & Co-Founder ===
	* ~~Role:~~ Involved in shaping OpenAI's strategy, thought leadership, and representation in public forums.		* Involved in shaping OpenAI's strategy, thought leadership, and representation in public forums. Former CTO of Stripe, a leading technology company specializing in online payment infrastructure. Known for deep technical expertise and strategic vision.
	* Background: Former CTO of Stripe, a leading technology company specializing in online payment infrastructure. Known for deep technical expertise and strategic vision.
	-[[File:Brad light.jpg\|thumb\|150x150px]]		-[[File:Brad light.jpg\|thumb\|150x150px]]
	[[File:Ilya.jpg\|thumb\|150x150px]]		[[File:Ilya.jpg\|thumb\|150x150px]]

	=== Brad Lightcap, COO ~~(Role & Background Unknown)~~ ===		=== Brad Lightcap, COO ===
	* ~~Role: responsible for daily company~~ operations, ~~human resources~~, ~~logistics~~, and ~~project management.~~		* Brad Lightcap serves as Chief Operating Officer of OpenAI, overseeing its business, operations, and strategic partnerships across Research, Applied AI, and Go-To-Market. He also manages the OpenAI Startup Fund. Previously, Brad was part of Y Combinator Continuity and led finance and operations initiatives at Dropbox. He holds degrees in Economics and History from Duke University.

	-

	-

	=== Ilya Sutskever, Co-Founder and Chief Scientist ===		=== Ilya Sutskever, Co-Founder and Chief Scientist ===
	* ~~Role:~~ Focuses on research and development, leading the scientific efforts in AI and machine learning.		* Focuses on research and development, leading the scientific efforts in AI and machine learning. Former Google Brain researcher, holds a Ph.D. in Machine Learning, and has made significant contributions to the field of deep learning.
	* Background: Former Google Brain researcher, holds a Ph.D. in Machine Learning, and has made significant contributions to the field of deep learning.		*

			=== Mira Murati, CTO ===
	[[File:Mira .jpg\|thumb\|150x150px]]		[[File:Mira .jpg\|thumb\|150x150px]]
			* Murati started her career as an intern at Goldman Sachs in 2011, and worked at Zodiac Aerospace from 2012 to 2013. She spent three years at Tesla before joining Magic Leap. She then joined OpenAI in 2018, later becoming its chief technology officer, where she leads the company's work on ChatGPT, Dall-E, and Codex. Her responsibilities include oversight of the company's research, product and safety teams. She is an advocate for the regulation of AI.

			=== Janine Korovesis, VP Finance ===
			* [[File:Janine.jpg\|thumb\|150x150px]]Janine Korovesis is a CPA with a diverse career spanning academia, consulting, corporate accounting, and executive leadership. They began as a Graduate Student Instructor at the University of Michigan Ross School of Business in 2008. Their professional journey includes roles at EY, Northern Trust Hedge Fund Services, Accretive Health, Google, and X, the moonshot factory. Since 2018, Janine has been at OpenAI, where they were promoted to VP Finance in 2022. She is Responsible for financial management, including budgeting, forecasting, and reporting. She also served on the board of advisors for PocketPatientMD from 2016 to 2018. In terms of education, Janine holds a B.B.A. with a focus in Accounting and Business/Management and a Master of Accounting, both from the University of Michigan. They obtained their CPA certification in Illinois in 2010 and in California in 2020.

	-

	~~=== Mira Murati, CTO (Role & Background Unknown) ===~~
	* Role: oversees the technological direction of the company, manages the engineering team, and aligns technology goals with company strategy.

	~~[[File:Janine.jpg\|thumb\|150x150px]]~~

	-

	~~=== Janine Korovesis, VP Finance (Role & Background Unknown) ===~~
	* Role: Responsible for financial management, including budgeting, forecasting, and reporting.

	~~[[File:Bryan.jpg\|thumb\|150x150px]]~~

	-

	-

	-		=== Bryan Banisaba, Chief of Staff ===
	=== Bryan Banisaba, Chief of Staff ~~(Role & Background Unknown)~~ ===		* [[File:Bryan.jpg\|thumb\|150x150px]]Chief of Staff at OpenAI, Bryan is responsible for scaled growth, strategic planning, program management, and operational excellence for the Trust & Safety organization. Their role is critical in ensuring the safe development and responsible utilization of Artificial General Intelligence (AGI), aligning with OpenAI's mission to make AGI beneficial for all of humanity. They play a significant role in shaping and implementing robust policies, platforms, and teams to meet these goals
	* ~~Role~~: ~~Generally acts as~~ the ~~right-hand person to~~ the ~~CEO~~, ~~assisting~~ in ~~a range of tasks including internal communications~~ and ~~strategic planning.~~

← Older revision		Revision as of 01:31, 25 August 2023
Line 119:		Line 119:

	== Financials and Statistics ==		== Financials and Statistics ==
	Chat GPT is the fastest ~~platforms~~ to reach 1 million users compared to some of the other popular social media and streaming platforms such as Instagram, Facebook and Netflix. Chat GPT reached 1 million users in 5 days while Instagram took 15 times longer (75 days) and Netflix took 3.5 years.		Chat GPT is the fastest platform to reach 1 million users compared to some of the other popular social media and streaming platforms such as Instagram, Facebook and Netflix. Chat GPT reached 1 million users in 5 days while Instagram took 15 times longer (75 days) and Netflix took 3.5 years.

	Chat GPT also reached 100 million users in only two months further reinforcing the rapid growth of its customer base.		Chat GPT also reached 100 million users in only two months further reinforcing the rapid growth of its customer base.
Line 128:		Line 128:
	OpenAI witnessed around $10 million revenue in 2022. It is expected that OpenAI will generate $200 million revenue by 2023 and $1 billion by 2024.		OpenAI witnessed around $10 million revenue in 2022. It is expected that OpenAI will generate $200 million revenue by 2023 and $1 billion by 2024.

	Around 1.7 billion ~~monthly~~ visits are recorded and north of 56 million ~~visits per day~~. The number of monthly visits has rapidly increased over the last few months ~~event~~ though in ~~May~~ 2023, the monthly visits reduced by 200 million.		Around 1.7 billion visits are recorded per month and number of visits per day is north of 56 million. The number of monthly visits has rapidly increased over the last few months even though in June 2023 the monthly visits reduced by 200 million compared to May 2023.
	[[File:Fs22.png\|none\|thumb\|1093x1093px]]		[[File:Fs22.png\|none\|thumb\|1093x1093px]]
	The launch of Chat GPT towards the end of 2022 and new version in March 2023 escalated the popularity of Open AI. ~~Both of these periods witnessed a~~ peak popularity ~~of 100 on the scale~~ as shown in the graph below.		The launch of Chat GPT towards the end of 2022 and new version in March 2023 escalated the popularity of Open AI. This resulted in peak popularity as shown in the graph below.
	[[File:Fs3.png\|none\|thumb\|1002x1002px]]		[[File:Fs3.png\|none\|thumb\|1002x1002px]]
	Majority of the Open AI visitors are the younger generation. The 18-24 years old age segment makes up just under 30% of the total visitors while the ~~25023~~ years segment makes up the ~~largest~~ proportion (around 35%).		Majority of the Open AI visitors are the younger generation. The 18-24 years old age segment makes up just under 30% of the total visitors while the 25-34 years segment makes up the largest proportion (around 35%).
	[[File:Fs4.png\|none\|thumb\|921x921px]]		[[File:Fs4.png\|none\|thumb\|921x921px]]

Line 138:		Line 138:
	'''1. Dependence on Talent'''		'''1. Dependence on Talent'''

	OpenAI has a highly talented workforce which ~~allow sit~~ to create advanced platforms and services for its users. Therefore, it is very dependent on the researchers and engineers in its teams. The competition in the market is fierce so if ~~they~~ are offered better salary packages, incentives ~~or if the employees are unhappy about the acquisition by Microsoft~~, they could leave and join the competitor firms. As a result, OpenAI risks loosing vital knowledge and expertise on the released ~~services~~ and other services currently under development.		OpenAI has a highly talented workforce which allows it to create advanced platforms and services for its users. Therefore, the company is very dependent on the researchers and engineers in its teams. The competition in the market is fierce so if the employees are offered better salary packages and incentives, they could leave and join the competitor firms. As a result, OpenAI risks loosing vital knowledge and expertise on the released and other services currently under development.


	'''2. Uncertainty about the real world impact'''		'''2. Uncertainty about the real world impact'''

	Many of the OpenAI services are in the research phase and their exact implication in the real world in not yet completely known. It is unclear as to how these developments will be applied to the practical world to resolve some of the problems and the expectations could be ~~extremely~~ high ~~compared to the reality~~. It will take more time to understand the exact applications and benefits of these new services and platforms in the real world.		Many of the OpenAI services are in the research phase and their exact implication in the real world in not yet completely known. It is unclear as to how these developments will be applied to the practical world to resolve some of the problems and the expectations could be unrealistcally high. It will take more time to understand the exact applications and benefits of these new services and platforms in the real world.


	'''3. Competition'''		'''3. Competition'''

	OpenAI is facing fierce competitions against other major industry players such as Facebook and Google who have also invested significantly in AI research. Additionally, new players (smaller ~~stary~~-ups) are emerging in the market. OpenAI risks losing ~~both the~~ its customer base and top employee talent to its competitors.		OpenAI is facing fierce competitions against other major industry players such as Facebook and Google who have also invested significantly in AI research. Additionally, new players (smaller start-ups) are emerging in the market. OpenAI risks losing its customer base and top employee talent to its competitors.


Line 163:		Line 163:
	'''6. Supply Chain'''		'''6. Supply Chain'''

	AI technology is dependent on hardware such as graphic processor. As the demand for the advanced technology rises, problems with the supply chain ~~become more probable~~		AI technology is dependent on hardware such as graphic processor. As the demand for the advanced technology rises, any problems with the supply chain could be a significant risk


	'''7. Public Perception'''		'''7. Public Perception'''

	~~Due to social media influence, safety factory associated with AI and recurrent news within this sector, the~~ general public might be hesitant to use technology which incorporates a significant amount of AI. There might be a general resistance from the consumers which needs to be overcome and acquiring ~~this~~ trust and resolving any misconceptions or concerns will take some time.		The general public might be hesitant to use technology which incorporates a significant amount of AI. There might be a general resistance from the consumers which needs to be overcome and acquiring consumer's trust and resolving any misconceptions or concerns will take some time.

	== Deal Rational ==		== Deal Rational ==