The future of OpenAI after $29-billion valuation
OpenAI is in discussions to sell shares in a tender offer that would value the company at $29 billion, according to a report by the Wall Street Journal. The news comes a little over a month after the artificial intelligence lab released ChatGPT, its latest and most impressive large language model (LLM).
ChatGPT has been the center of much excitement since its release. It amassed more than one million users in its first few days. There is already discussion of the LLM disrupting several industries, including online search. And Microsoft, OpenAI’s main financial backer, is considering integrating ChatGPT in its Bing search engine.
The hype around ChatGPT comes on the back of other successful releases by OpenAI, including DALL-E 2, a text-to-image generative AI model, and Codex, an LLM that specializes in generating software code.
The latest capital raise (probably an easy sell) will put OpenAI on the path to fast growth and accelerated profitability. But how will it affect the scientific mission that the San Francisco–based AI lab embarked on in 2015? That remains to be seen.
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