Sam Altman, CEO of OpenAI, developer of chatbot ChatGBT, said the Microsoft-backed company has no plans to go public anytime soon.

“When we develop superior intelligence, we are likely to make decisions that most investors look at with great surprise,” Altman said at a conference in Abu Dhabi.

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And he responded to a question about whether the company would offer its shares by public subscription, saying: “I don’t want the public market to sue me on Wall Street and so on, so no, I’m not interested,” Reuters reported. “. “.

And (Open AI) has so far received ten billion dollars from Microsoft as part of expanding its investment in creating computing capabilities, and it started as a non-profit organization and then created a company with a “profit ceiling”, which allowed It to raise external funds on the promise of continuous work of a non-profit organization.

“We have a very strange structure,” Altman added, “we have a profit ceiling.”

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Irene Diaz is a celebrity news reporter who started her career as a TV News Reporter. She then progressed into fashion & beauty reporting and eventually jumped from TV to the web, where she worked as a Senior Editor at 24PalNews. Irene believes that if she can, so can you. She’s a firm believer that anything is possible. Her motto is, “It’s all about believing.”

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