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The Entire Truth About the Sam Altman and OpenAI Drama Explained
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What drama unfolded at OpenAI?! What's the truth and timeline behind the whole Sam Altman and OpenAI Drama?
We believe that to discuss this whole drama, it is important to shower some light on the history of OpenAI!
OpenAI was established as a nonprofit organization with donations from people like Elon Musk, aiming to ensure that AI benefits all of humanity.
By 2019, the need for substantial scaling in model size required a huge funding, we are talking about millions of dollars, most of which was going to be used for training models on cloud computers.
To address this issue, in 2019, OpenAI created a capped profit entity alongside its nonprofit status, allowing for returns to investors, capped at 100 times, with excess profits flowing back to the nonprofit.
OpenAI has since become mighty successful, with a funding round valuing the organization at over $80 billion.
The salary structure at OpenAI, particularly for roles like software engineers, includes a median salary of $900,000, comprising a $300,000 base, and the remainder as stock options.
This is comparable to compensation from major tech companies like Google and Microsoft, but OpenAI was just a startup!
OpenAI's competitor, Anthropic, which split from OpenAI in 2021, also boasts high base salaries, with figures reaching $430,000.
Now the base is set for us to look into what happened recently!
It was Friday, 17th of November!
Four of the board members decided to change the company’s fate forever!
#ai
#artificialintelligence
#airevolution
Thanks for watching AI Symbiosis!
Subscribe for more AI content, AI topics, and discussions in the general AI space!
Hit the bell next to subscribe so you never miss a video
#ai
#artificialintelligence
#airevolution
We believe that to discuss this whole drama, it is important to shower some light on the history of OpenAI!
OpenAI was established as a nonprofit organization with donations from people like Elon Musk, aiming to ensure that AI benefits all of humanity.
By 2019, the need for substantial scaling in model size required a huge funding, we are talking about millions of dollars, most of which was going to be used for training models on cloud computers.
To address this issue, in 2019, OpenAI created a capped profit entity alongside its nonprofit status, allowing for returns to investors, capped at 100 times, with excess profits flowing back to the nonprofit.
OpenAI has since become mighty successful, with a funding round valuing the organization at over $80 billion.
The salary structure at OpenAI, particularly for roles like software engineers, includes a median salary of $900,000, comprising a $300,000 base, and the remainder as stock options.
This is comparable to compensation from major tech companies like Google and Microsoft, but OpenAI was just a startup!
OpenAI's competitor, Anthropic, which split from OpenAI in 2021, also boasts high base salaries, with figures reaching $430,000.
Now the base is set for us to look into what happened recently!
It was Friday, 17th of November!
Four of the board members decided to change the company’s fate forever!
#ai
#artificialintelligence
#airevolution
Thanks for watching AI Symbiosis!
Subscribe for more AI content, AI topics, and discussions in the general AI space!
Hit the bell next to subscribe so you never miss a video
#ai
#artificialintelligence
#airevolution
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