Expect significant new tariffs on Chinese imports and moderate levies on goods from other nations , as President-elect Donald Trump rolls out his protectionist agenda. However, with his preference for chaotic policymaking and sudden shifts , there’s uncertainty on how soon these import taxes will actually hit. Dubbed “ Tariff Man ,” Trump aims to use tariffs both strategically and tactically . He’s mentioned taxing all Chinese goods up to 60% and potentially setting 10%-20% tariffs on imports globally , but details on these plans remain vague . Key players within Trump’s team are divided: Robert Lighthizer , a staunch tariff advocate, sees permanent duties as crucial to balance US trade , while others, like billionaires John Paulson and Scott Bessent , view tariffs as temporary leverage. Trump’s previous administration had mixed feelings, especially on national security-related trade limits , which he sometimes dismissed, favoring an “open for business” approach. High-profile busin
OpenAI is considering giving CEO Sam Altman a 7% equity stake and transitioning into a for-profit structure, marking a significant shift for the AI startup. This would be the first time Altman has been granted ownership in the company, which was founded in 2015 as a non-profit with the mission of developing AI to benefit society.
The company is contemplating becoming a public benefit corporation, balancing profit-making with societal contributions, though the timeline for the transition remains undecided. Despite this shift, OpenAI's spokesperson emphasized that the non-profit arm will continue to play a core role in its mission.
The news comes amidst a series of executive departures from OpenAI, including the recent resignation of Chief Technology Officer Mira Murati, who played a critical role in the development of ChatGPT and DALL-E. Murati’s departure, which shocked many employees, is part of a broader exodus of top managers following Altman’s temporary ouster last year.
OpenAI's move to restructure comes as the company faces massive growth and demand for AI innovations, particularly as it works to raise $6.5 billion at a $150 billion valuation. This transformation would help fund the increasing costs of developing cutting-edge AI models, which have already attracted billions in investment from Microsoft and others.
While Altman had previously resisted taking equity, often stating that his focus was on societal impact, the potential 7% stake would align with OpenAI's evolving business model. The transition to a more traditional for-profit structure reflects the company's ambition to maintain its leadership in the competitive AI space while navigating internal changes and external investment pressures.
Comments
Post a Comment