Close Menu
Fin Street NewsFin Street News
  • Home
  • Business
  • Finance
    • Banking
    • Stocks
    • Commodities & Futures
    • ETFs & Mutual Funds
    • Funds
    • Currencies
    • Crypto
  • Markets
  • Investing
  • Personal Finance
    • Loans
    • Credit Cards
    • Dept Management
    • Retirement
    • Mortgages
    • Saving
    • Taxes
  • Fintech
  • More Articles

Subscribe to Updates

Get the latest finance and business news and updates directly to your inbox.

Trending
Good news, owners of old iPhones

Good news, owners of old iPhones

June 8, 2026
Is Fresh Dog Food Worth the Splurge? A Cost Breakdown for Pet Parents

Is Fresh Dog Food Worth the Splurge? A Cost Breakdown for Pet Parents

June 8, 2026
Read Sam Altman’s plan for OpenAI as it enters its ‘third phase’

Read Sam Altman’s plan for OpenAI as it enters its ‘third phase’

June 8, 2026
OpenAI files confidential S-1 with SEC in step toward potential IPO

OpenAI files confidential S-1 with SEC in step toward potential IPO

June 8, 2026
I’m superyacht Captain Sandy Yawn. My life at sea involves croissants, daily meditations, and filming ‘Below Deck Mediterranean.’

I’m superyacht Captain Sandy Yawn. My life at sea involves croissants, daily meditations, and filming ‘Below Deck Mediterranean.’

June 8, 2026
Facebook X (Twitter) Instagram
  • Privacy Policy
  • Terms of use
  • Press Release
  • Advertise
  • Contact
June 8, 2026 8:45 pm EDT
|
Facebook X (Twitter) Instagram
  Market Data
Fin Street NewsFin Street News
Newsletter Login
  • Home
  • Business
  • Finance
    • Banking
    • Stocks
    • Commodities & Futures
    • ETFs & Mutual Funds
    • Funds
    • Currencies
    • Crypto
  • Markets
  • Investing
  • Personal Finance
    • Loans
    • Credit Cards
    • Dept Management
    • Retirement
    • Mortgages
    • Saving
    • Taxes
  • Fintech
  • More Articles
Fin Street NewsFin Street News
Home » Read Sam Altman’s plan for OpenAI as it enters its ‘third phase’
Read Sam Altman’s plan for OpenAI as it enters its ‘third phase’
Markets

Read Sam Altman’s plan for OpenAI as it enters its ‘third phase’

News RoomBy News RoomJune 8, 20261 ViewsNo Comments

Three and a half years since OpenAI ushered artificial intelligence into the mainstream with the release of ChatGPT, its CEO and cofounder says the company is entering its third phase — making AI abundant, accessible, and safe.

Sam Altman and Jakub Pachocki, OpenAI’s chief scientist, published a blog post on Monday outlining their plan for the company. They said the first phase of OpenAI was about research toward artificial general intelligence, while the second was about offering their products to the world and learning how people actually use them.

“Now we are entering the third phase,” Altman and Pachocki wrote. “The economy is beginning to reshape around AI. The central question now is how to make advanced AI abundant, affordable, safe, useful, and easy enough for every person and organization to benefit from it. Frontier capability is only part of the job. The bigger task is turning that capability into tools people can actually use to thrive.”

They said OpenAI has three main goals: to build an automated AI researcher, to accelerate the economy, and to give everyone on Earth a personal AGI.

“Powerful systems must remain safe, aligned with human intent, and subject to human control,” they wrote, adding, “Entirely automating everything is not the future we want. It would be unfulfilling, and it would be dangerous. AI should help people pursue their goals, not become untethered from them.”

They also said national and global coordination was needed and reiterated their call for an international organization that would work on reducing risks posed by AI and could slow down the development of frontier models if needed.

“A good AI future cannot be one where a small number of institutions control most of the capability and most of the upside. It should be a future where many people, companies, communities, and countries can build, benefit, and hold power,” Altman and Pachocki said.

The plan came the same day OpenAI announced it had confidentially filed for an initial public offering, though the company said it “may be a while” before its stock actually hits the market.

The blog post was also reminiscent of one from another leading AI company eyeing an IPO. Researchers at Anthropic said in a post last week that AI is advancing so quickly that leading frontier labs may need to slow down.

“We believe it would be good for the world to have the option to slow or temporarily pause frontier AI development to enable societal structures and alignment research to keep up with the advance of the technology,” the post said.

Read the full blog post from OpenAI here.



Read the full article here

Share. Facebook Twitter LinkedIn Telegram WhatsApp Email

Keep Reading

Good news, owners of old iPhones

Good news, owners of old iPhones

OpenAI files confidential S-1 with SEC in step toward potential IPO

OpenAI files confidential S-1 with SEC in step toward potential IPO

OpenAI confidentially files for IPO, but says it ‘may be a while’ before it goes public

OpenAI confidentially files for IPO, but says it ‘may be a while’ before it goes public

I went on my first adults-only cruise. From a playground to a tattoo shop, these 8 things surprised me most.

I went on my first adults-only cruise. From a playground to a tattoo shop, these 8 things surprised me most.

A 37-year-old woman’s colon cancer symptom was dismissed as part of pregnancy. Months later, she was diagnosed with stage 4.

A 37-year-old woman’s colon cancer symptom was dismissed as part of pregnancy. Months later, she was diagnosed with stage 4.

Apple finally gives Siri an AI glow-up after rare delay

Apple finally gives Siri an AI glow-up after rare delay

FTX founder Sam Bankman-Fried insists he is innocent, wants Trump pardon

FTX founder Sam Bankman-Fried insists he is innocent, wants Trump pardon

I left NYC for the Connecticut coast. After less than 2 years away, I moved back to the city for good.

I left NYC for the Connecticut coast. After less than 2 years away, I moved back to the city for good.

I opened a business with my wife. I felt like I lived with my business partner, not my life partner.

I opened a business with my wife. I felt like I lived with my business partner, not my life partner.

Add A Comment
Leave A Reply Cancel Reply

Editors Picks

Is Fresh Dog Food Worth the Splurge? A Cost Breakdown for Pet Parents

Is Fresh Dog Food Worth the Splurge? A Cost Breakdown for Pet Parents

June 8, 2026
Read Sam Altman’s plan for OpenAI as it enters its ‘third phase’

Read Sam Altman’s plan for OpenAI as it enters its ‘third phase’

June 8, 2026
OpenAI files confidential S-1 with SEC in step toward potential IPO

OpenAI files confidential S-1 with SEC in step toward potential IPO

June 8, 2026
I’m superyacht Captain Sandy Yawn. My life at sea involves croissants, daily meditations, and filming ‘Below Deck Mediterranean.’

I’m superyacht Captain Sandy Yawn. My life at sea involves croissants, daily meditations, and filming ‘Below Deck Mediterranean.’

June 8, 2026
OpenAI confidentially files for IPO, but says it ‘may be a while’ before it goes public

OpenAI confidentially files for IPO, but says it ‘may be a while’ before it goes public

June 8, 2026

Latest News

I went on my first adults-only cruise. From a playground to a tattoo shop, these 8 things surprised me most.

I went on my first adults-only cruise. From a playground to a tattoo shop, these 8 things surprised me most.

June 8, 2026
5 Red Flags to Watch for in a Cheap Retirement Home

5 Red Flags to Watch for in a Cheap Retirement Home

June 8, 2026
A dietitian avoids supplements — except for these 3

A dietitian avoids supplements — except for these 3

June 8, 2026

Subscribe to News

Get the latest finance and business news and updates directly to your inbox.

Advertisement
Demo
Facebook X (Twitter) Pinterest TikTok Instagram
2026 © Prices.com LLC. All Rights Reserved.
  • Privacy Policy
  • Terms
  • For Advertisers
  • Contact

Type above and press Enter to search. Press Esc to cancel.