As a gamer with over two decades of experience under my belt, I must say that the rapid advancements in AI, particularly by companies like OpenAI, are nothing short of breathtaking. Back in the day, we were content with pixelated graphics and simple AI algorithms, but now we’re on the brink of a new era where AI models are being valued at $150 billion!
It seems that OpenAI, a prominent player in the field of artificial intelligence, is gearing up for another investment round, which could potentially significantly boost the company’s estimated worth.
On Wednesday, September 11, 2024, it was reported by Bloomberg that OpenAI is planning for a new funding round, potentially valuing the AI company at an impressive $150 billion. The report suggests that investors aim to secure an additional $6.5 billion in this upcoming funding phase.
As stated in the piece, Thrive Capital will likely spearhead the funding process, with Microsoft, Apple, and Nvidia potentially joining as well. Notably, it was only recently, last year to be precise, when Microsoft publicly announced a substantial, multi-billion dollar investment in an artificial intelligence startup.
Quite a bit has transpired since the start of last year in January. For instance, George R.R. Martin filed a lawsuit against OpenAI for alleged copyright violation, Sam Altman was initially removed from his CEO position but later reinstated, and several tech companies agreed to work together to prevent deepfakes during elections.
Lately, OpenAI has declared that it’s “currently impractical to educate modern AI models without incorporating copyrighted works.” However, they emphasize that there are no existing laws explicitly prohibiting such usage.
It appears that OpenAI is set to secure more funds, suggesting they’re persisting in their mission to expand and enhance their artificial intelligence models. Keep an eye on our AI topic page as we’ll be updating you with the latest developments from tech firms in the rapidly advancing field of artificial intelligence technology.
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2024-09-12 03:27