StartupTech

Sam Altman, CEO of OpenAI, says he’s willing to invest in South Korean firms

He expressed his admiration for the Korean people’s acceptance of modern AI technology spearheaded by ChatGPT and his interest in their cutting-edge hardware and software solutions.

The non-profit OpenAI Incorporated and its for-profit sibling company, OpenAI Limited Partnership, make up the American artificial intelligence (AI) research facility known as OpenAI. With the stated goal of advancing and creating friendly AI, OpenAI performs AI research.

In addition to Sam Altman and Elon Musk acting as the inaugural board members, OpenAI was created in 2015 by Ilya Sutskever, Greg Brockman, Trevor Blackwell, Vicki Cheung, Andrej Karpathy, Durk Kingma, Jessica Livingston, John Schulman, Pamela Vagata, and Wojciech Zaremba. In 2019 and 2023, respectively, Microsoft invested $1 billion and $10 billion in OpenAI LP.

Sam Altman, the CEO of US artificial intelligence company OpenAI, stated that he is prepared to invest in innovative businesses in South Korea, where OpenAI’s ChatGPT chatbot has become a worldwide sensation and has been adopted quickly and extensively.

“We enjoy helping users develop on our platform. In a meeting with Korean businesses in Seoul, Sam Altman, CEO of OpenAI, said: “Some of our teams here today are glad to help with that. “We’re considering investing more in startups in Korea. Additionally, we are very eager to investigate possible collaborative chip collaborations to create AI accelerators.

Investments to care for away from in 2022

According to Altman, he formerly managed a firm that invests in startups and had success financing deep tech companies before joining the Microsoft-backed OpenAI team.

“Investing was one of my greatest passions. In the world, I really want to see a lot more of that,” he continued.

The American billionaire, 38, is on a global trip and has meetings with officials in South Korea, the United Arab Emirates, India, and other nations.

He expressed his admiration for the Korean people’s enthusiasm in ChatGPT’s cutting-edge solutions, both software and hardware, and their acceptance of modern AI technology.

“Korea is one of the nations that has adopted OpenAI most quickly and uses it in the most inventive ways. What people are doing here is incredible, he remarked. “Those two, along with the innovation-friendly culture and what’s happening with the application of AI, particularly OpenAI, make us very eager to deepen our cooperation with the nation.”

The generative AI system that produces content has people in awe ever since OpenAI released ChatGPT 3.5 late last year. At the same time, discussions regarding its potential impact on humans and its future have gained attention globally.

While other nations, headed by the European Union, have taken steps to regulate generative AI technologies and services, South Korea has been developing legislation to promote AI products and placing less onerous liability on service providers.

According to Altman, who spoke with numerous leaders about the subject while travelling, South Korea can contribute to the global dialogue to help create a new international framework.

“We are on a very exponential curve, and the systems may not be of tomorrow, but of 20 or 30 years,” he remarked. “We really hope Korea will participate in that, too.”

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