OpenAI, a leading AI company valued at $500 billion, revolutionized the AI landscape with the launch of ChatGPT in November 2022. Founded in 2015 by notable figures like Sam Altman and Elon Musk, OpenAI aims to create “safe and beneficial” Artificial General Intelligence (AGI) that surpasses human capabilities in economically valuable tasks. It initially operated as a non-profit but transitioned to a hybrid model to attract investments, later becoming a Public Benefit Corporation to raise capital while maintaining non-profit governance. OpenAI is renowned for its GPT series, including the groundbreaking GPT-3 and the advanced GPT-4. Recent developments include the multimodal capability in GPT-4o and the introduction of innovative AI models like Dall-E for image generation and Sora for video creation. Following internal turmoil, Altman was reinstated as CEO in 2023. Despite criticism over its commercial focus, OpenAI continues to address its mission of developing AGI while exploring profitable products for consumers.
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