Thought Leadership
ChatGPT inventor OpenAI has raised billions from investors. A total of 6.6 billion dollars (5.4 billion euros) was raised in the financing round, OpenAI announced.
As previously reported, OpenAI was valued at a total of around 150 billion dollars in the financing round. The total valuation in such financing rounds is determined by the share of the company that investors receive for their money.
Media: Apple decides against entry
OpenAI did not disclose who participated in the financing round. According to the financial service Bloomberg, these include financial investors such as Thrive Capital, Microsoft and the chip company Nvidia. According to earlier media reports, Apple was also in talks, but dropped out.
The Financial Times, citing informed sources, wrote that OpenAI had asked interested investors not to invest in competing AI companies such as tech billionaire Elon Musk’s xAI.
AI is expensive
Training AI models and operating them in huge data centers costs billions. And it is still unclear whether the business can sustain itself. Meanwhile, OpenAI is competing with other AI companies such as Anthropic and tech giants such as Google and the Facebook group Meta, which are developing their own models. Until now, Microsoft has been OpenAI’s most important financial backer and incorporates the company’s technology into its products.
ChatGPT is the chatbot that triggered the hype surrounding artificial intelligence over a year ago. Such AI programs are trained with huge amounts of information and can formulate texts at the linguistic level of a human, write software codes and summarize information. The principle behind this is that they estimate word by word how a sentence should continue.
dpa
