Openai Inc is located in San Francisco, CA. The organization was established in 2016. According to its NTEE Classification (U40) the organization is classified as: Engineering & Technology, under the broad grouping of Science & Technology and related organizations. As of 12/2021, Openai Inc employed 6 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Openai Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Openai Inc generated $11.7k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (69.2%) each year. All expenses for the organization totaled $1.4m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
OPENAIS MISSION IS TO BUILD GENERAL-PURPOSE ARTIFICIAL INTELLIGENCE THAT BENEFITS HUMANITY, UNCONSTRAINED BY A NEED TO GENERATE FINANCIAL RETURN. OPENAI BELIEVES THAT ARTIFICIAL INTELLIGENCE TECHNOLOGY HAS THE POTENTIAL TO HAVE A PROFOUND, POSITIVE IMPACT ON THE WORLD, SO THE COMPANYS GOAL IS TO DEVELOP AND RESPONSIBLY DEPLOY SAFE AI TECHNOLOGY, ENSURING THAT ITS BENEFITS ARE AS WIDELY AND EVENLY DISTRIBUTED AS POSSIBLE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THROUGH ITS CONTROL OF OPENAI, L.P., A CAPPED-PROFIT COMPANY TO HELP RAPIDLY SCALE INVESTMENTS IN COMPUTE AND TALENT, OPENAI'S RESEARCH ACCOMPLISHMENTS IN 2021 INCLUDE THE INTRODUCTION OF:1) DALL-E, A 12-BILLION PARAMETER VERSION OF GPT-3, THAT GENERATES AN ORIGINAL IMAGE FROM A DESCRIPTION IN NATURAL LANGUAGE.2) CLIP, A NEURAL NETWORK THAT PREDICTS A NATURAL LANGUAGE CAPTION FOR ANY GIVEN IMAGE. TO WORK THIS OUT, CLIP LEARNS TO LINK A WIDE VARIETY OF OBJECTS WITH THEIR NAMES AND THE WORDS THAT DESCRIBE THEM. 3) CODEX, AN AI SYSTEM THAT TRANSLATES NATURAL LANGUAGE TO CODE. CODEX IS PROFICIENT IN OVER A DOZEN PROGRAMMING LANGUAGES.4) WEBGPT, A FINE-TUNED VERSION OF GPT-3 THAT CAN ANSWER OPEN-ENDED QUESTIONS USING A TEXT-BASED WEB BROWSER.5) TRITON 1.0, AN OPEN-SOURCE PYTHON-LIKE PROGRAMMING LANGUAGE WHICH ENABLES RESEARCHERS WITH NO CUDA EXPERIENCE TO WRITE HIGHLY EFFICIENT GPU CODE.LEARNING FROM REAL-WORLD USE AND APPLYING THOSE LESSONS IS A CRITICAL PART OF DEVELOPING BENEFICIAL AI, AND OPENAI'S APPLICATION PROGRAMMING INTERFACE (API) GIVES DEVELOPERS THE ABILITY TO BUILD GPT-3 AND CODEXS CAPABILITIES INTO THEIR APPS. THE API ALLOWS US TO REVIEW APPLICATIONS BEFORE THEY GO LIVE AND MONITOR FOR MISUSE BASED ON OUR POLICIES. THANKS TO THE PROGRESS WE MADE ON SAFEGUARDS IN THE YEAR SINCE MAKING OUR API AVAILABLE, WE REMOVED THE WAITLIST FOR GPT-3. IMPROVEMENTS TO OUR API INCLUDE SPECIALIZED ENDPOINTS FOR MORE TRUTHFUL QUESTION-ANSWERING, AND A FREE CONTENT FILTER TO HELP DEVELOPERS MITIGATE ABUSE. ALL THESE ADVANCES IN AI TECHNOLOGY ARE MOVING OPENAI TOWARDS ACHIEVING ITS MISSION, WHICH IS THE DEVELOPMENT OF ARTIFICIAL GENERAL INTELLIGENCE THAT BENEFITS HUMANITY. OPENAI ALSO LAUNCHED THE OPENAI RESIDENCY PROGRAM, WHICH PROVIDES RESEARCHERS AND ENGINEERS WHO DONT CURRENTLY FOCUS ON ARTIFICIAL INTELLIGENCE A PATHWAY TO A FULL-TIME ROLE AT OPENAI. THE PROGRAM IS AN ITERATION OF OUR FORMER SCHOLARS AND FELLOWS PROGRAM AND WE MAKE A SPECIAL EFFORT TO HEAR FROM UNDERREPRESENTED GROUPS IN TECHNOLOGY.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Reiichiro Nakano Technical Staff | 30 | $196,272 | |
Chris Clark Sec/tres | Officer | 10 | $50,000 |
Elena Chatziathanasiadou Technical Staff | 10 | $47,292 | |
Ilya Sutskever Research Dir. | OfficerTrustee | 10 | $0 |
Gregory Brockman Director/cto | OfficerTrustee | 10 | $0 |
Sam Altman Dir/pres/ceo | OfficerTrustee | 10 | $0 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Goodwin Proctor Legal | 12/30/19 | $211,208 |
Adler & Colvin Legal | 12/30/19 | $220,493 |
Przemyslaw Debiak Research | 12/30/19 | $250,000 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $0 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $3,066 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $3,066 |
Total Program Service Revenue | $0 |
Investment income | $8,662 |
Tax Exempt Bond Proceeds | $0 |
Royalties | $0 |
Net Rental Income | $0 |
Net Gain/Loss on Asset Sales | $0 |
Net Income from Fundraising Events | $0 |
Net Income from Gaming Activities | $0 |
Net Income from Sales of Inventory | $0 |
Miscellaneous Revenue | $0 |
Total Revenue | $11,728 |
Statement of Expenses | |
---|---|
Grants and other assistance to domestic organizations and domestic governments. | $75,000 |
Grants and other assistance to domestic individuals. | $0 |
Grants and other assistance to Foreign Orgs/Individuals | $0 |
Benefits paid to or for members | $0 |
Compensation of current officers, directors, key employees. | $52,499 |
Compensation of current officers, directors, key employees. | $52,499 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $217,949 |
Pension plan accruals and contributions | $0 |
Other employee benefits | $23,454 |
Payroll taxes | $33,712 |
Fees for services: Management | $0 |
Fees for services: Legal | $78,748 |
Fees for services: Accounting | $96,893 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $25,000 |
Advertising and promotion | $0 |
Office expenses | $1,237 |
Information technology | $19,516 |
Royalties | $0 |
Occupancy | $399,310 |
Travel | $1,961 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $0 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $24,305 |
Insurance | $40,239 |
All other expenses | $0 |
Total functional expenses | $1,389,564 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $1,009,098 |
Savings and temporary cash investments | $16,168,730 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $0 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $0 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $504,314 |
Net Land, buildings, and equipment | $104,834 |
Investments—publicly traded securities | $0 |
Investments—other securities | $0 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $2,189,387 |
Total assets | $19,976,363 |
Accounts payable and accrued expenses | $90,761 |
Grants payable | $0 |
Deferred revenue | $0 |
Tax-exempt bond liabilities | $0 |
Escrow or custodial account liability | $0 |
Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
Secured mortgages and notes payable | $0 |
Unsecured mortgages and notes payable | $0 |
Other liabilities | $0 |
Total liabilities | $90,761 |
Net assets without donor restrictions | $19,885,602 |
Net assets with donor restrictions | $0 |
Capital stock or trust principal, or current funds | $0 |
Paid-in or capital surplus, or land, building, or equipment fund | $0 |
Retained earnings, endowment, accumulated income, or other funds | $0 |
Total liabilities and net assets/fund balances | $19,976,363 |
Over the last fiscal year, Openai Inc has awarded $10,248,876 in support to 10 organizations.
Grant Recipient | Amount |
---|---|
Oakland, CA PURPOSE: Support | $10,000,000 |
Oakland, CA PURPOSE: Support | $49,766 |
New York, NY PURPOSE: Support | $42,945 |
San Francisco, CA PURPOSE: Support | $37,899 |
New York, NY PURPOSE: Support | $36,777 |
New York, NY PURPOSE: Support | $26,708 |
Over the last fiscal year, we have identified 1 grants that Openai Inc has recieved totaling $109.
Awarding Organization | Amount |
---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $109 |
Organization Name | Assets | Revenue |
---|---|---|
Mozilla Foundation San Francisco, CA | $66,895,760 | $26,523,745 |
Applied Technology Council Redwood City, CA | $8,408,642 | $4,921,582 |
Equalize Health San Francisco, CA | $2,578,144 | $2,659,678 |
Aquaya Institute San Anselmo, CA | $2,762,883 | $3,651,840 |
Arizona Technology Council Phoenix, AZ | $832,086 | $1,960,738 |
Globalplatform Inc A Delaware Corporation Redwood City, CA | $3,723,105 | $2,155,351 |
Ought Inc Covina, CA | $3,932,251 | $796,178 |
Openai Inc San Francisco, CA | $19,976,363 | $11,728 |
The Foresight Institute San Francisco, CA | $1,819,148 | $1,599,886 |
La-Mas Inc Los Angeles, CA | $1,016,379 | $899,237 |
Hawaii-Pacific Foundation Inc Honolulu, HI | $4,397,833 | $4,049,024 |
Extreme Tech Challenge Palo Alto, CA | $757,069 | $399,967 |