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A timeline of OpenAI's rocky 2024
- OpenAI faced a roller-coaster ride in 2024 as it reached new valuation heights and started the transition to become a for-profit company.
- In February, OpenAI was valued at $80 billion. Company employees could cash out their shares as part of the tender offer.
- CEO Sam Altman was removed from OpenAI's board of directors as the CEO in November 2023 but returned a few days later. The period is referred to by employees as 'The Blip'.
- OpenAI faced legal battles with Elon Musk, who co-founded the startup, and some of the US's largest newspapers. Musk sued OpenAI in February accusing them of transforming into a closed-source de facto subsidiary of Microsoft.
- In June, Musk filed another lawsuit adding Microsoft as a co-defendant on allegations of conspiring to create a monopoly on artificial intelligence.
- OpenAI faced criticisms over safety and restrictions on departing employees. Founder Ilya Sutskever announced in May that he was leaving the company.
- OpenAI's PR took a hit as Apple announced it would integrate ChatGPT into its software in June. Musk filed another lawsuit against OpenAI over AI ethics issues in August, which he amended in November to include Microsoft.
- OpenAI announced in September that it would become a for-profit company. Among the notable departures from the company in 2024 were OpenAI co-founders, Andrej Karpathy and John Schulman.
- OpenAI raised a record-breaking $6.6 billion funding round, which valued it at $157 billion in October 2024.
- In November, OpenAI allegedly deleted legal data in its legal fight with The New York Times and other newspapers, according to the lawsuit.
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