For a long time, the acronym AGI was a secret for many. Most assumed it was just the short form for Artificial General Intelligence. In other words, it was any system that did a great job at outperforming the human minds at any given task.
But newly leaked information from TI are speaking otherwise. It’s a secret term that both Microsoft and OpenAI reserved for any AI software making more than $100 billion in profits.
There has been a lot of debate in the world of AI about what this term really means and whether the world of tech would be good enough to do a better job than humans in terms of carrying out tasks. This entails wiping out major chunks of the economy.
Now, more light is put on the popular topic including how it’s really a misnomer as is the term artificial intelligence. The latter is mostly just predictions that take in so many keywords and look for big data without realizing what the key concepts could be.
So far, OpenAI got more than $13B in terms of funding from software giants like Microsoft in such little time. This money comes with strange contracts that the company would end Microsoft from using any kind of new tech after AGI comes into play.
Remember, OpenAi first existed as a nonprofit firm and it spoke about using influence and AGI to make goods and services to benefit the public. The decision to remove Microsoft after attaining the AGI status gives the makers of ChatGPT more power.
So to ensure Microsoft would continue investing billions in this nonprofit meant to provide it with more incentives. For now, the document says investors get a hefty chunk of profits till the $100B mark is reached. It’s a cap to make sure that the rest of the funds go into creating goods that help the human race. Now we know that the wording is quite cleaver in the terms and conditions as AI isn’t truly powerful at this moment in time.
For a long time, people had serious doubts about OpenAI’s non-profit scheme of working. And they were right to be suspicious because the company is doing everything in its power to convert into a for-profit firm. Remember, it’s hard to make more funds when you’re competing as a non-profit against leading for-profit tech arch-rivals.
As per the latest reports from The Information, both Microsoft and OpenAI are rolling out discussions on restructuring OpenAI and what negotiations would be made when the for-profit company comes into play.
Image: DIW-Aigen
Read next: Eric Schmidt Warns: Stop AI Development Once Self-Improvement Begins
But newly leaked information from TI are speaking otherwise. It’s a secret term that both Microsoft and OpenAI reserved for any AI software making more than $100 billion in profits.
There has been a lot of debate in the world of AI about what this term really means and whether the world of tech would be good enough to do a better job than humans in terms of carrying out tasks. This entails wiping out major chunks of the economy.
Now, more light is put on the popular topic including how it’s really a misnomer as is the term artificial intelligence. The latter is mostly just predictions that take in so many keywords and look for big data without realizing what the key concepts could be.
So far, OpenAI got more than $13B in terms of funding from software giants like Microsoft in such little time. This money comes with strange contracts that the company would end Microsoft from using any kind of new tech after AGI comes into play.
Remember, OpenAi first existed as a nonprofit firm and it spoke about using influence and AGI to make goods and services to benefit the public. The decision to remove Microsoft after attaining the AGI status gives the makers of ChatGPT more power.
So to ensure Microsoft would continue investing billions in this nonprofit meant to provide it with more incentives. For now, the document says investors get a hefty chunk of profits till the $100B mark is reached. It’s a cap to make sure that the rest of the funds go into creating goods that help the human race. Now we know that the wording is quite cleaver in the terms and conditions as AI isn’t truly powerful at this moment in time.
For a long time, people had serious doubts about OpenAI’s non-profit scheme of working. And they were right to be suspicious because the company is doing everything in its power to convert into a for-profit firm. Remember, it’s hard to make more funds when you’re competing as a non-profit against leading for-profit tech arch-rivals.
As per the latest reports from The Information, both Microsoft and OpenAI are rolling out discussions on restructuring OpenAI and what negotiations would be made when the for-profit company comes into play.
Read next: Eric Schmidt Warns: Stop AI Development Once Self-Improvement Begins
