OpenAI Seeks Additional Funding for Advanced AI Development
OpenAI, the creator of ChatGPT, is seeking additional investments from its primary investor, Microsoft, reports the Financial Times.
On this page
OpenAI, the creator of ChatGPT, is seeking additional investments from
its primary investor, Microsoft, reports the Financial Times.
The
primary goal of this increased funding is to develop a new form of
general artificial intelligence (AGI). OpenAI's CEO, Sam Altman,
envisions AGI as software with human-like intelligence.
His
strategy also includes developing a suite of new tools and a GPT store
aimed at monetizing ChatGPT through a revenue-sharing model similar to
the Apple App Store. Additionally, OpenAI is developing GPT-5, which
requires extensive data training.
Microsoft's
previous investment of $10 billion valued OpenAI at $29 billion. Altman
anticipates further investments due to the high training costs for
complex AI models. Despite OpenAI currently operating at a loss, its
revenue is significantly increasing, and its partnership with Microsoft
is mutually beneficial.
The content on The Coinomist is for informational purposes only and should not be interpreted as financial advice. While we strive to provide accurate and up-to-date information, we do not guarantee the accuracy, completeness, or reliability of any content. Neither we accept liability for any errors or omissions in the information provided or for any financial losses incurred as a result of relying on this information. Actions based on this content are at your own risk. Always do your own research and consult a professional. See our Terms, Privacy Policy, and Disclaimers for more details.
Articles by this author
