As someone who has been closely following the rapid advancements in artificial intelligence, I must say, this latest development with OpenAI is nothing short of awe-inspiring! A $157 billion valuation at just 6 years old? That’s faster than my toddler can learn new words!
OpenAI concluded another funding round successfully, amassing an extra $6.6 billion. This latest valuation boosts the company to a staggering worth of $157 billion, marking a substantial rise from its initial market value of $80 billion at the beginning of the year.
In a blog post dated October 2, 2024, OpenAI surpassed expectations by securing $6.6 billion in funding and achieving a post-money valuation of an impressive $157 billion. This was significantly more than the predicted $6.5 billion in funds and a valuation of $150 billion that had been speculated at the start of September.
It’s been verified that Thrive Capital spearheaded the investment round, which also involved Microsoft, NVIDIA, SoftBank, and additional participants. According to CNBC, Thrive Capital was planning to inject a billion dollars into the company from this funding round.
In a recent announcement, OpenAI stated that fresh funding enables them to strengthen their dominance in cutting-edge artificial intelligence studies, enhance computational power, and persist in developing tools designed for resolving complex challenges. The statement concludes by expressing their intention to expand AI availability to the general public, as well as maintaining collaborative relationships with essential partners such as the U.S. government.
Artificial intelligence frequently encounters challenging situations concerning safety and intellectual property rights. Recently, President Biden issued an executive order establishing new safety guidelines for AI, but this hasn’t deterred hacker organizations from exploiting AI technologies. For instance, Microsoft discovered state-sponsored hacking groups misusing OpenAI and took action to prohibit these groups from further access.
Regarding copyright matters, OpenAI argues they need copyrighted content for adequate AI model training. However, this stance has faced persistent opposition from various corporations seeking to safeguard their own intellectual property, with Conde Nast being one of them, who recently issued a cease and desist order specifically towards Perplexity.
Some businesses are still pouring resources into artificial intelligence, but it appears others are choosing to stay clear of this technology. Stay tuned to our AI page for updates about funding rounds, the successes of these AI startups, and any obstacles that persist.
Read More
Sorry. No data so far.
2024-10-03 02:57