OpenAI, the most valuable AI startup, said Wednesday it intends to dismiss all claims made by Elon Musk in a recent lawsuit and suggested that the OpenAI responds to Elon Musk's lawsuit, revealing its funding details and defending its mission and practices.
OpenAI, the most valuable AI startup, said Wednesday it intends to dismiss all claims made by Elon Musk in a recent lawsuit and suggested that the billionaire entrepreneur, who was involved in the company’s co-founding, didn’t really have that much impact on its development and success.
In a blog post authored by the entire OpenAI band – Greg Brockman, Ilya Sutskever, John Schulman, Sam Altman, Wojciech Zaremba and OpenAI – the Microsoft-backed startup revealed that since its inception in 2015, it had raised less than $45 million from Musk, despite his initial commitment to provide as much as $1 billion in funding.
OpenAI’s founding agreement required the startup to make its technology “freely available” to the public but the firm had overtime changed its prioritise to maximizing profits for Microsoft, Musk said in the lawsuit.
The outcome of this lawsuit could significantly impact the direction and pace of AI development, as well as the balance of power among key players in the industry.
OpenAI’s technology is being used in places including Kenya and India to empower people and improve their daily lives, the startup wrote.
The Open in openAI means that everyone should benefit from the fruits of AI after its built, but it’s totally OK to not share the science…’, to which Elon replied: ‘Yup’.”
The original article contains 681 words, the summary contains 216 words. Saved 68%. I’m a bot and I’m open source!
This is the best summary I could come up with:
OpenAI, the most valuable AI startup, said Wednesday it intends to dismiss all claims made by Elon Musk in a recent lawsuit and suggested that the billionaire entrepreneur, who was involved in the company’s co-founding, didn’t really have that much impact on its development and success.
In a blog post authored by the entire OpenAI band – Greg Brockman, Ilya Sutskever, John Schulman, Sam Altman, Wojciech Zaremba and OpenAI – the Microsoft-backed startup revealed that since its inception in 2015, it had raised less than $45 million from Musk, despite his initial commitment to provide as much as $1 billion in funding.
OpenAI’s founding agreement required the startup to make its technology “freely available” to the public but the firm had overtime changed its prioritise to maximizing profits for Microsoft, Musk said in the lawsuit.
The outcome of this lawsuit could significantly impact the direction and pace of AI development, as well as the balance of power among key players in the industry.
OpenAI’s technology is being used in places including Kenya and India to empower people and improve their daily lives, the startup wrote.
The Open in openAI means that everyone should benefit from the fruits of AI after its built, but it’s totally OK to not share the science…’, to which Elon replied: ‘Yup’.”
The original article contains 681 words, the summary contains 216 words. Saved 68%. I’m a bot and I’m open source!