Wall Street Jedi
  • About us
  • Contact us
  • Privacy Policy
  • Terms & Conditions
  • News
  • Economy
  • Editor’s Pick
  • Investing
  • Stock
No Result
View All Result
  • News
  • Economy
  • Editor’s Pick
  • Investing
  • Stock
No Result
View All Result
Wall Street Jedi
No Result
View All Result
Home Investing

OpenAI CFO sees Trump as AI president, trusts Musk to prioritize national interest

by
December 11, 2024
in Investing
0
OpenAI CFO sees Trump as AI president, trusts Musk to prioritize national interest
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

By Krystal Hu

NEW YORK (Reuters) – President-elect Donald Trump could be the “president of this AI generation” as he will take office at a time when critical infrastructure to developing artificial general intelligence (AGI) is built out, OpenAI Chief Financial Officer Sarah Friar said.

“He’s going to be right there at the beginning of it, maybe even as things like AGI, we get there,” she said on Tuesday, referring to autonomous systems that surpass humans in most economically valuable tasks.

She also played down public threats to the ChatGPT maker from Elon Musk, one of Trump’s closest advisers.

Friar, in response to questions from Reuters Editor-in-Chief Alessandra Galloni during an interview at the Reuters NEXT conference in New York, said about Musk’s threats: “We trust him…as a competitor, (he) will put first the national interest and compete appropriately.”

Musk, who co-founded OpenAI, has publicly opposed OpenAI’s major corporate structure revamping to remove control of its nonprofit board. He now runs xAI, an OpenAI competitor, and has emerged as a close adviser in Trump’s transition team.

Trump has chosen him, along with former Republican presidential candidate and entrepreneur Vivek Ramaswamy, to head a task force aimed at slashing government spending and regulations.  

Friar, who previously led social media firm Nextdoor and joined OpenAI six months ago as its first chief financial officer, said the company has seen huge demand for its video generation tool Sora, which was released this week. 

Account creation has been suspended since then, and Friar did not offer a specific timeline for when it would resume.

“Some of it is just we need capacity, but a lot of it is also we want to be measured…it’s only available to a very small selection of people today, because we want to listen and learn,” said Friar, adding the company is taking a different release approach for Sora from ChatGPT. 

“There are places where we will go a little slower to make sure that we are constantly moving safety first as well.”

Besides video generation, she said she also anticipates more AI agent products — software programs that perform tasks autonomously on behalf of users — can handle day-to-day tasks to be released in the new year, with foundation models gaining better reasoning capabilities.

“I think we are going to see a lot of motion next year around agents, and I think people are going to be surprised at how fast this technology comes at us,” she said.

The fast-growing startup is also working on developing a new dynamic with its largest investor and tech partner, Microsoft (NASDAQ:MSFT). 

“We think about it … in terms of helping each other grow, but also recognizing that diversification is a good thing as well, in terms of growing the whole industry,” Friar added.

Despite the controversy over its governance restructuring and the recent exodus of executives, OpenAI continues to experience rapid expansion, she said. 

Friar said the company sees a “re-acceleration” in ChatGPT user growth, which surged to 300 million weekly active users from 200 million in August this year, attributing it to the launch of new reasoning models such as o1.

This post appeared first on investing.com
Previous Post

What to expect from China’s CEWC amid increased stimulus talk

Next Post

Stocks settle in for nervous wait on US CPI

Next Post
Stocks settle in for nervous wait on US CPI

Stocks settle in for nervous wait on US CPI

  • Trending
  • Comments
  • Latest
American creating deepfakes targeting Harris works with Russian intel, documents show

American creating deepfakes targeting Harris works with Russian intel, documents show

October 23, 2024
Cadence raises midpoint of 2024 profit forecast on robust demand from chip designers

Cadence raises midpoint of 2024 profit forecast on robust demand from chip designers

October 28, 2024
Earnings call: Microsoft sees soaring cloud and AI growth in Q1 FY2025

Earnings call: Microsoft sees soaring cloud and AI growth in Q1 FY2025

October 31, 2024
Israel stocks lower at close of trade; TA 35 down 0.23%

Israel stocks lower at close of trade; TA 35 down 0.23%

October 6, 2024
Essence Fest leads a summer of events for Black entrepreneurs galvanized by economic uncertainty

Essence Fest leads a summer of events for Black entrepreneurs galvanized by economic uncertainty

0
Retailers scramble to move billions in cargo as East Coast dockworkers prepare to strike

Retailers scramble to move billions in cargo as East Coast dockworkers prepare to strike

0
PepsiCo to buy tortilla chip maker Siete Foods for $1.2 billion

PepsiCo to buy tortilla chip maker Siete Foods for $1.2 billion

0
East and Gulf coast ports shut down as thousands of workers go on strike

East and Gulf coast ports shut down as thousands of workers go on strike

0
Essence Fest leads a summer of events for Black entrepreneurs galvanized by economic uncertainty

Essence Fest leads a summer of events for Black entrepreneurs galvanized by economic uncertainty

July 4, 2025
Tariffs and weaker beer demand are weighing on Modelo owner Constellation Brands

Tariffs and weaker beer demand are weighing on Modelo owner Constellation Brands

July 3, 2025
Microsoft laying off about 9,000 employees in latest round of cuts

Microsoft laying off about 9,000 employees in latest round of cuts

July 3, 2025
Apple sues former Vision Pro employee for allegedly stealing ‘thousands of documents’ before joining Snap

Apple sues former Vision Pro employee for allegedly stealing ‘thousands of documents’ before joining Snap

July 2, 2025

Recent News

Essence Fest leads a summer of events for Black entrepreneurs galvanized by economic uncertainty

Essence Fest leads a summer of events for Black entrepreneurs galvanized by economic uncertainty

July 4, 2025
Tariffs and weaker beer demand are weighing on Modelo owner Constellation Brands

Tariffs and weaker beer demand are weighing on Modelo owner Constellation Brands

July 3, 2025
Microsoft laying off about 9,000 employees in latest round of cuts

Microsoft laying off about 9,000 employees in latest round of cuts

July 3, 2025
Apple sues former Vision Pro employee for allegedly stealing ‘thousands of documents’ before joining Snap

Apple sues former Vision Pro employee for allegedly stealing ‘thousands of documents’ before joining Snap

July 2, 2025

Disclaimer: WallStreetJedi.com, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

  • About us
  • Contact us
  • Privacy Policy
  • Terms & Conditions

Copyright © 2025 wallstreetjedi.com | All Rights Reserved

No Result
View All Result
  • News
  • Economy
  • Editor’s Pick
  • Investing
  • Stock

Copyright © 2025 wallstreetjedi.com | All Rights Reserved