OpenAI

OpenAI

Develops safe and beneficial AI technologies

About

OpenAI develops artificial intelligence technologies aimed at benefiting humanity. The company creates advanced AI models that can perform various tasks, such as automating processes and enhancing creativity. OpenAI's products, like Sora, allow users to generate videos from text descriptions, showcasing the capabilities of their AI systems. What sets OpenAI apart from competitors is its capped profit model, which limits the amount of profit the company can make, ensuring that excess profits are used to maximize the social benefits of AI. The goal of OpenAI is to ensure that artificial general intelligence (AGI) is developed safely and ethically, benefiting all of humanity.

Company Stage

Late Stage VC

Employees

1,001-5,000

Industries

AI & Machine Learning

Total Funding

$18.4B

Headquarters

San Francisco, California

Founded

2015


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Simplify's Take

What believers are saying

  • OpenAI's ChatGPT Projects streamline file and chat organization for users.
  • OpenAI's capped-profit model attracts significant investments, ensuring financial stability.
  • Growing interest in 'world models' can enhance OpenAI's AI systems.

What critics are saying

  • Competition from Google's Veo 2 may impact OpenAI's video generation market share.
  • Elon Musk's lawsuit could damage OpenAI's reputation and lead to challenges.
  • Recent outages highlight potential vulnerabilities in OpenAI's infrastructure.

What makes OpenAI unique

  • OpenAI's capped-profit model prioritizes ethical AI development over unlimited profit.
  • OpenAI's Sora model offers innovative video generation from text descriptions.
  • OpenAI collaborates with academia and government to address AI risks.

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Growth & Insights
Headcount

6 month growth

88%

1 year growth

201%

2 year growth

432%

Benefits

Health insurance

Dental and vision insurance

Flexible spending account for healthcare and dependent care

Mental healthcare service

Fertility treatment coverage

401(k) with generous matching

20-week paid parental leave

Life insurance (complimentary)

AD&D insurance (complimentary)

Short-term/long-term disability insurance (complimentary)

Optional buy-up life insurance

Flexible work hours and unlimited paid time off (we encourage 4+ weeks per year)

Annual learning & development stipend

Regular team happy hours and outings

Daily catered lunch and dinner

Travel to domestic conferences

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