This shift towards a profit-driven model has sparked concerns regarding AI risk management and ethical implications.

This local presence will enable OpenAI to collaborate more closely with government entities, such as the Economic Development Board (EDB).

Since its founding in 2015 as a nonprofit, OpenAI has transitioned to a for-profit model, raising a total of $17.9 billion in funding.

OpenAI continues to work on developing artificial general intelligence (AGI), aiming to replicate human-like thinking and reasoning.

OpenAI is set to open a new office in Singapore by the end of 2024 to address the growing demand for AI tools in the Asia-Pacific region.

CEO Sam Altman expressed excitement about this expansion, citing Singapore's strong tech leadership and problem-solving capabilities.

Despite generating revenue, OpenAI is facing projected losses exceeding $5 billion, which pressures the company to expedite the release of new chatbot versions.

To maintain its leadership in AI research, OpenAI has secured significant investments from major players like Microsoft and Nvidia.

In addition to funding, OpenAI has introduced new products and established a $4 billion credit facility with major global banks.

The new Paris office will focus on commercial roles and is expected to collaborate closely with French companies and institutions.

OpenAI plans to hire for various roles in France, including research, commercial development, marketing, and communication.

Safety and trust in AI products remain critical, with OpenAI conducting rigorous evaluations to ensure their models are safe for users.