Artificial intelligence experts have raised concerns about the rapid pace of technological change, with a potential 10-20% chance that AI could wipe out humanity within three decades. Despite these warnings, companies are racing to lead the AI arms race.
OpenAI, the company behind the AI revolution, has recently announced plans to revamp its structure by converting its for-profit branch into a Delaware public benefit corporation (PBC). This move aims to attract more capital and strike a balance between profit and public good. The change will allow OpenAI to continue pursuing its mission and raise more funds.
The transformation is similar to that of rival companies like Anthropic and Musk’s xAI, which have also adopted this structure to secure billions in funding. Industry experts believe that the for-profit side of OpenAI will control operations and business, while the public benefit corporation will focus on advancing AI research.
As investors seek to capitalize on the AI trend, we’re taking a closer look at top-performing stocks like Micron Technology (MU). With its stance on AI development, Micron is part of a growing list of companies racing to stay ahead in the industry. Our research shows that imitating top hedge fund picks can lead to significant returns, with our quarterly newsletter’s strategy delivering 275% since May 2014.
Source: https://finance.yahoo.com/news/micron-technology-inc-mu-positioned-141145168.html