TLDR:
- OpenAI has modified the ownership structure of its venture capital fund, removing Sam Altman from control.
- Altman’s removal comes after communication issues and potential conflicts of interest.
OpenAI, a US-based AI research organization, recently announced a change in the governance structure of its venture capital fund, removing former CEO Sam Altman from control. Altman was removed from the fund after communication issues last November, although he was eventually reinstated. However, his ownership of the fund raised concerns about potential conflicts of interest for the company. Ian Hathaway, a partner at the fund since 2021, has taken over control of the fund, with Altman no longer being a general partner.
OpenAI also unveiled Voice Engine technology, which uses text input and audio samples to generate natural-sounding speech. The technology has various applications, including providing reading assistance, translating content, reaching global communities, supporting non-verbal individuals, and helping patients recover their voice. Earlier this year, OpenAI launched its text-to-video generation model, Sora, which can generate videos up to a minute long while maintaining visual quality based on user prompts. The company has granted access to red teamers to assess potential risks and visual artists to provide feedback on the model’s advancement.
