As the distrust for ChatGPT increases and scandals continue to be unsurfaced, investors are wondering whether it’s worth it to invest.
April 4th. The OpenAI committee sits around the table with the hope to produce solutions to their decrease in funding from investor donations since the scandal of private chats going public in March 2023.
Since the incident, OpenAI has seen a major decrease in funding, losing almost $7 billion in donations in the following year, 2024. In addition, OpenAI has faced several financial crises since the incident, causing them to rethink their system.
Sam Altman states that OpenAI cannot deal with cyber security, as their finances are barely supporting their product. Altman suggests partnering with the United States government as they increase their security and develop their devices.
Shara Friar supports this as she states that “[open AI] needs to prioritise a cost effective system” over their cybersecurity. Friar believes that OpenAI can only last so long without donations.
Many committee members that support the idea of partnering with the government argue that it would also solve their security issues. The government’s databases have been implementing developed cybersecurity for years, and if OpenAI could combine this with ChatGPT, they could solve many of their problems.
Despite these roadblocks, OpenAI still has planned to develop bigger things in their future, even having an unrevealed product that’s been put on the back burner during this time of chaos.
As OpenAI works to build back the trust in their company, consumers are still concerned about the ethical dilemmas involved in AI. With several AI scandals using illegal private data, the distrust in the whole concept has grown.
Unlike what was predicted, AI is being used less and less in people’s daily life. The cons just outweigh the pros in most scenarios. While the investment might be sound now, there’s no guarantee that OpenAI will even exist much longer without some changes.