The organization responsible for ChatGPT, OpenAI, is seeking investments that could elevate its value to an impressive $29 billion.
OpenAI, the lab renowned for its creation of ChatGPT and the DALL-E art generator, is reportedly negotiating with some investors looking to offload existing shares. According to the latest reports, Wall Street Journal This potential sale could position the company's valuation at $29 billion, significantly increasing its worth from the 2021 investment round.
OpenAI, established as a nonprofit by notable figures like Greg Brockman of Stripe, Elon Musk from Tesla, and Sam Altman, who was once the president of Y Combinator, has been focusing on artificial intelligence development since its inception.
The two venture capital firms, Thrive Capital and Founders Fund, are said to be interested in acquiring shares of OpenAI. A report from the WSJ suggests that investors could be looking at a deal involving at least $300 million in share sales from current shareholders.
If this deal successfully materializes, OpenAI could join the ranks of premier companies with substantial valuations, such as Waymo valued at $30.75 billion and Rivian Automotive at approximately $27.6 billion. most valuable U.S. startups The ongoing collaboration between OpenAI and Microsoft could potentially lead to even further earnings, adding to the $1 billion investment that Microsoft made back in 2018. Both companies are dedicated to enhancing the Bing search engine using ChatGPT technology, providing a robust competitor to Google.
This integration of AI technology is expected to create more conversational searches, thereby offering users a more intuitive and human-like interaction experience. funds on top The excitement surrounding OpenAI is palpable; since its release, ChatGPT has gained immense popularity, becoming a topic of conversation everywhere. It's clear that investors are closely monitoring the company's trajectory and its forthcoming developments. Whether the proposed share tender will proceed as planned remains to be seen. ChatGPT could make search results GPT-3 is embarking on an exploration into digital poetry.
Introducing ChatGPT: An AI contender poised to challenge Google.
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