The startup behind ChatGP, which is reportedly planning to become a for-profit business, is now valued on par with Uber
OpenAI has raised $6.6bn in a funding round that values the artificial intelligence business at $157bn, with chipmaker Nvidia and Japanese group SoftBank among its investors.that will transform it into a for-profit business. The funding round was led by Thrive Capital, a US venture capital fund, and other backers include MGX, an Abu Dhabi-backed investment firm.
Other investors included Nvidia, a dominant player in the market for the chips that train and operate AI models, and Softbank, which“Every week, over 250 million people turn to ChatGPT regardless of the scale of the challenge – whether it’s communicating with someone who speaks another language or solving the toughest research problems. AI is already personalising learning, accelerating healthcare breakthroughs, and driving productivity. And this is just the start,” she said.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
OpenAI planning to become for-profit company, say reportsReported move follows recent departure of senior figures from ChatGPT developer
Read more »
OpenAI's Strawberry: A Thinking Machine?The article discusses the release of OpenAI's new large language model, Strawberry (also known as o1), which is designed to think more deeply before responding. It highlights concerns about its potential impact on academia, particularly in essay grading, and praises its ability to solve complex problems.
Read more »
Australian Market Poised for Small Rise as OpenAI Raises $6.6 BillionThe Australian share market is expected to open slightly higher, while OpenAI, the creator of ChatGPT, has raised $6.6 billion in a funding round that values the company at $157 billion.
Read more »
Casino operator Star seeks tax relief from Queensland government days after opening $3.6bn precinctPremier Steven Miles says Star Entertainment closing newly opened Queen’s Wharf in Brisbane is ‘worst case scenario’
Read more »
Rupert Murdoch-owned firm REA makes £5.6bn offer for RightmoveBoard rejects non-binding indicative proposal of 705p a share for UK’s biggest online real-estate portal
Read more »
The 39-year-old AI king set for a $15 billion bonanzaAfter a chaotic year during which he was fired and rehired, OpenAI co-founder and chief Sam Altman is set for a big payday as the company eyes a radical change.
Read more »