Money and Changes in AI Companies

Introduction

New reports show how OpenAI and Anthropic are moving and using their money.

Main Body

Greg Brockman works at OpenAI. He is very rich. He has about 30 billion dollars. OpenAI wants to sell shares of the company to the public soon. Elon Musk is angry. He is suing OpenAI in court. He says OpenAI was a charity before. Now it is a business to make money. He says this is wrong. Another company is called Anthropic. They are working with big banks. They want to make a group worth 1.5 billion dollars. They want to sell AI tools to other big companies.

Conclusion

AI companies are now becoming big businesses with a lot of money.

Learning

💰 The 'Money' Pattern

In this text, we see a simple way to describe who owns what and how much it is worth. For a beginner, the most important pattern here is using 'to be' with numbers.

1. Describing Wealth

  • He is very rich. →\rightarrow (Person + is + adjective)
  • He has 30 billion dollars. →\rightarrow (Person + has + amount)

2. Describing Value

  • A group worth 1.5 billion dollars.
  • Note: We use 'worth' to show the price or value of something.

3. Action Words for Business

WordMeaningExample from text
SellGive something for money"sell shares"
MakeCreate or earn"make money"
SuingFighting in court"suing OpenAI"

Quick Tip for A2: When talking about money, remember: I am rich (feeling/state) →\rightarrow I have money (possession).

Vocabulary Learning

money
the currency used for buying goods and services
Example:She saved her money for a vacation.
reports
documents that give information about something
Example:The reports show that sales increased.
show
to display or demonstrate
Example:The video shows how to bake a cake.
moving
changing position or location
Example:They are moving to a new house.
using
employing something
Example:She is using a laptop.
works
performs tasks or is employed
Example:He works at a bank.
rich
having a lot of money
Example:The rich people live in expensive houses.
sell
to exchange something for money
Example:She will sell her old bike.
shares
parts of a company that people own
Example:He bought shares in the company.
public
open to everyone
Example:The public library is free to use.
angry
feeling upset
Example:She was angry when she missed the bus.
court
a place where legal matters are decided
Example:The case went to court.
charity
an organization that helps people
Example:She donated to a charity.
business
a company that sells goods or services
Example:He runs a small business.
banks
financial institutions
Example:She deposited money at the banks.