OpenAI’s Path to Become a For-Profit Company Is Complicated

WSJ Tech News Briefing

The Wall Street Journal

Tech News, News

4.3 • 1.7K Ratings

🗓️ 1 October 2024

⏱️ 13 minutes

🔗️ Recording | iTunes | RSS

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Summary

OpenAI plans to convert from a non-profit to a for-profit organization, a complex move that is rarely done. WSJ reporter Theo Francis joins host Zoe Thomas to discuss the hurdles that OpenAI will face and the possible reasons for the change. Plus, a controversial bill to regulate artificial intelligence has been vetoed in California. We’ll explain what that could mean for setting national AI safety standards. Sign up for the WSJ's free Technology newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	exchanges, the Goldman Sachs podcast featuring exchanges on rates, inflation and US
0:11.2	recession risk exchanges on the market impact of AI.
0:15.0	For the sharpest analysis on forces driving the markets and the economy
0:20.0	count on exchanges between the leading minds at Goldman Sachs.
0:24.0	New episodes every week.
0:26.0	Listen now. Welcome to Tech News Briefing. It's Tuesday October 1st. I'm Zoe Thomas for the Wall Street Journal.
0:40.0	A California bill that pitted some of the biggest tech companies against prominent scientists
0:45.8	who developed artificial intelligence has been vetoed.
0:49.1	We'll tell you why Governor Gavin Newsom didn't sign it and what's next for regulating AI.
0:55.7	And then, the mission of a non-profit and the goals of investors don't always line up.
1:01.5	In a few years, Open AI may no longer need to worry about that.
1:05.1	We'll explain the changes it plans to make.
1:09.6	But first, California Governor Gavin Newsom has vetoed a controversial AI safety bill.
1:17.6	The bill would have required developers of large AI models to take steps to ensure their technology did impose a quote
1:25.0	unreasonable risk of causing or materially enabling a critical harm.
1:30.0	Developers also needed to ensure their AI could be shut down by a human if it started
1:35.2	behaving dangerously. Had the governor signed the bill into law, it would have
1:39.8	laid the groundwork for how AI is regulated across the country since so many of the top
1:45.1	AI companies are based in California. Here to tell us about the decision is our AI
1:49.7	editor Ben Fritz. So Ben, what did Governor Gavin Newsom say his reason was for vetoing the bill?
1:56.5	Newsom said that he was concerned that the bill only applies to the biggest and most
2:01.6	expensive AI models, doesn't apply to smaller ones,
	...

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