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OpenAI is a privately-held generative AI research and AI development unicorn. The company has created and released Dall.E (images), ChatGPT (large language model), and Versatile (speech). OpenAI and its AI models have become household names because of their widely applicable nature.
OpenAI was founded by Greg Brockman, Trevor Blackwell, Vicki Cheung, Andrej Karpathy, Durk Kingma, Jessica Livingston, John Schulman, Ilya Sutskever, Pamela Vagata, and Wojciech Zaremba. Sam Altman and Elon Musk were on the original board of directors. The company was established in 2015 as a 501(c)(3) non-profit. This unusual structure was specifically chosen to support the company’s mission: to better humanity and avoid being guided by profit incentives. CEO Sam Altman did not to invest in OpenAI stock to avoid any conflicts of interest. Elon Musk invested $50 million in OpenAI but due to worries about AI safety, Musk severed his association with the company. He later founded competing company, X.ai, that creates AI specifically for its own use. In 2019 the OpenAI changed to its structure which was limiting its ability to take in funding. OpenAI formed OpenAI GP LLC and a capped profit subsidiary, OpenAI Global LLC. When the company launched ChatGPT in 2023, it quickly broke records for being the fastest-growing consumer app in history by MAU in the first 2 months. By comparison, Bytedance's TikTok reached the same number of MAU over 9 months. OpenAI purchased Rockset and Multi in June 2024.