Harvey / 14 August 2025 / Categories: Opinions, Internet, Freebies

Chatgtp from Open AI Sam Altman and Elon Musk

Open Ai the company that owns ChatGPT is a non profit.

Open AI was launched in 2015 as a not for profit entity by entrepreneurs Sam Altman and Elon Musk.

While OpenAI started as a non-profit, it restructured to a for-profit entity with a "capped-profit" structure in order to attract investment and is estimated to be worth a staggering 300 billion dollars according to a recent news segment on the BBC.

ChatGPT, the website where you can literally give it one line and it will produce a manuscript or book pretty much is owned and developed by OpenAI, a leading artificial intelligence research and deployment company.

OpenAI operates ChatGPT as a freemium service, meaning it is available for free with premium features offered for a fee, although not sure what those premium features are and who if anyone is actually paying for them.

I am fascinated by Chatgtp and have gotten a little addicted to using it, I used to go there at least once a day and have used it to develop pitches for business meetings very quickly and easily and I can see students getting homework and papers done super fast on the go except if Chatgtp does your homework for you it kind of misses the point of “doing your homework” actually learning something.

It has to be said sometimes Chatgtp has come up with things I’ve put in a presentation and then when asked to expand on the point or explain what I mean I have not been able to do so which has proved embarrassing. I could hardly own up and say AI had written my presentation.

Now if Chatgtp comes up with something I don’t entirely understand I do have to go back outside of the platform to figure out what exactly it is talking about so I don’t make a fool of myself.

When you think Chatgtp cannot think, it cannot come up with an original idea all it can do is regurgitate information already out there you have to assume everything out there is correct which of course we know is not true so it’s obvious Chat gpt cannot be trusted to always get it right. The big proviso on the footer of the platform.

ChatGPT can make mistakes. Check important info. And when you ask Chatgtp if it can get things wrong, it replies yes and then goes on to explain why.

Which makes me ask myself how can a tool like this actually help us all in the long run because if Chatgtp gets it wrong like a media outlet creating erroneous spin to sell newspapers or TV subscriptions we all end up relying on one source, giving it too much credence and trust like the Encyclopaedia Britannica.

I guess that is where the speculative value comes from as more and more people discover Chatgtp and start to use it. I’d question this as more stock market hype, Silicon Valley Fugasi, a tool that simply saves time and allows everyone to “cheat” for me cannot logically hold value in the long term. As the user base grows all our business pitches or masters theses will eventually all look and read the same. And where is the value in that?

I’ve heard mixed reviews from business colleagues. Some people absolutely love it for its time saving capability and copy writing ability others like me are completely sceptical believing looking at it through a common sense lens it can only burn itself out eventually.

I had a situation recently when I asked ChatGPT something and it gave me an answer omitting factual information I already knew to be true. It made a mistake. When I asked it about the omission it apologised and corrected its answer.

So in summary whilst I appreciate it’s time saving and writing, summarising and describing capabilities if you are producing say for example an advertorial or sales pitch I am very wary about sending Chatgtp on a fact finding mission or giving it a complex mathematical calculation to do or problem to solve. It cannot think.

Doing accurate and intense research or working things out, solving problems I trust my own brain way more than Chatgtp to find me the right answer and determine the truth from detailed exploration and cross referencing of self sourced data. The downside, it takes much longer.

I am sure there of millions of geeks out there who disagree and could enlighten me further as to the value and justify the valuation. I am definitely open to listen to a counter argument.