OpenAI's Sam Altman Says 'We're Making AGI' And It Will Be 'Worth It:' 'Don't Care If We Burn $500M Or $50B'
Portfolio Pulse from Rounak Jain
OpenAI CEO Sam Altman has declared a strong commitment to developing artificial general intelligence (AGI), stating financial costs, which could range from $500 million to $50 billion, are not a concern. Microsoft Corp. (NASDAQ:MSFT), as OpenAI's largest investor, has invested $13 billion in the AI startup. Altman's focus is on creating significant societal value through AGI, despite the high costs and challenges, including a lawsuit from Elon Musk alleging profit maximization for Microsoft.
May 03, 2024 | 9:58 am
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Microsoft Corp., as OpenAI's largest investor with a $13 billion investment, is directly linked to the development of AGI. Sam Altman's commitment to AGI development, regardless of cost, highlights the potential for significant future value creation and technological advancements.
Microsoft's substantial investment in OpenAI positions it as a key player in the AGI space. Altman's commitment to AGI development, despite high costs, suggests a long-term vision that could lead to groundbreaking advancements and significant returns on Microsoft's investment. This strategic partnership with OpenAI could enhance Microsoft's positioning in the AI market, potentially leading to positive stock price movements as developments progress.
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