Building safe and beneficial artificial general intelligence that could benefit all of humanity and enrich our lives. That’s what we are going to talk about today. 

Founded in 2015, our guest for today is AI research and deployment company OpenAI. 

The firm is famously known for its flagship AI model or chatbot ChatGPT, which reacts to questions in a conversational way. The chatbot could even admit its mistakes when confronted, and refine its answers for greater accuracy. 

Aside from that, OpenAI also boasts other products including Dall-E, which is an AI system that can generate realistic images using text prompts. 

OpenAI is an interesting company to talk about because of the limitless potential of generative AI solutions. Most recently, the firm had in October 2024 introduced canvas, an interface that allows ChatGPT to collaborate with human users on a project.

It also launched ChatGPT Search later that month. The solution is said to search the web in a much better way than before. It’ll include the links to sources such as news articles for easy referencing. 

But how much money can generative AI bring to the table in terms of efficiency?  How exactly do we draw the boundaries to the potential of generative AI? And how far does this compare against current market expectations looking at the AI-led boom in tech stocks for much of this year? 

Meanwhile, OpenAI had in October 2024 announced plans to open an office in Singapore, its second in Asia Pacific after Tokyo. It also held its first developer day in the country. But what are the opportunities in Singapore, and how does the firm intend to expand internationally going forward?

Also – with media reports circulating that the firm is in talks to transform its non-profit structure into a for-profit structure, what implications would this have on the firm’s direction of research?

On Under the Radar, Money Matters’ finance presenter Chua Tian Tian posed these questions to Oliver Jay, Managing Director, International at OpenAI.