LinkedIn founder, former Apple developer, PayPal VP and Greylock partner Reid Hoffman is leaving OpenAI’s board of directors so he can invest in companies using the company’s software without exposing himself to a conflict of interest.
Hoffman says he’s long since wondered if his position as an OpenAI board member would make it appear as though he himself is contributing to the economic growth of the companies in which he invests.
“From the beginning, OpenAI and its board have been very careful to monitor and avoid any conflicts of interest,” Hoffman said.
He is also convinced that by leaving the board, he will be able to continue “resolving any potential issues for both OpenAI and all of the Greylock portfolio companies I supported.”
In addition, Hoffman is on the board of directors of Microsoft, and the corporation recently invested $10 billion in OpenAI.
OpenAI is one of the leaders in the development and training of large artificial intelligence language models that are used in the creation of bots and text generators.
Hoffman is confident that companies using these models could become incredibly valuable in the near future.
“Right now, trillions of dollars of future companies are being created and looking for investments that will not only change markets, but also launch new ones,” Hoffman said.
OpenAI provides other projects with access to your AI models through a programming interface or API. Earlier this week, the company said it would charge companies that use its AI around a fifth of a cent to generate 750 words.
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