OpenAI raises record $6.6 billion: Apple refuses investment
OpenAI has raised a record investment of $6.6 billion at a valuation of $157 billion, demonstrating the huge interest in artificial intelligence in the technology sector. The company plans to use the funds to strengthen its position in AI research and expand its computing capabilities.
Investment in OpenAI
Record funding
OpenAI reached a historic milestone with $6.6 billion in funding. The startup's valuation was a whopping $157 billion. Thrive Capital led the funding with $1 billion in funding and a special agreement for additional investment in the future.
Terms and Outlook
Thrive Capital's additional investment is contingent on OpenAI achieving certain financial milestones and potential restructuring into a commercial entity. If changes do not occur within two years, investors can request a refund. According to Reuters, OpenAI is considering the option of transforming into a public benefit corporation, like Anthropic.
Key Investors and Rejections
Major investors include giants such as Microsoft, Nvidia and SoftBank. However, Apple, despite lengthy negotiations, refused to participate in the financing. Interestingly, OpenAI asked investors to refrain from supporting competing projects, in particular Anthropic and Elon Musk's xAI.
Financials and Forecasts
OpenAI's valuation at 40 times reported revenue, underscoring the unprecedented hype around AI in the tech sector . According to The New York Times, the company's monthly revenue reached $300 million in August. OpenAI forecast annual sales of about $3.7 billion in 2024 and expects revenue to increase to $11.6 billion next year.
Development plans and personnel changes
OpenAI plans to use the funds received to strengthen leadership in AI research, increase computing power and develop tools for solving complex problems. However, the company is beset by personnel issues, with chief technology officer Mira Murati and two senior researchers recently leaving amid reports of disagreements between the product and security teams. Earlier, chief researcher Ilya Sutskever, who founded his own startup in the field of AI, left.
Glossary
- OpenAI is a company specializing in the development of artificial intelligence
- Thrive Capital - venture capital firm, lead investor in OpenAI
- Microsoft - largest technology corporation, investor in OpenAI
- Nvidia - GPU maker, OpenAI investor
- SoftBank - Japanese conglomerate, OpenAI investor
Links
- Reuters: OpenAI Revenue Forecasts
- Axios: OpenAI's new funding round details
- The Verge: OpenAI raises $6 billion
- The New York Times: OpenAI financials
- OpenAI Blog: Plans to leverage investments
Questions and Answers
What are the results of OpenAI's latest funding round?
What conditions are set for OpenAI to maintain its investment?
How does OpenAI's valuation compare to its earnings?
What does OpenAI plan to use the raised funds for?
What changes have you seen in OpenAI's leadership recently?
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Discussion of the topic – OpenAI raises record $6.6 billion: Apple refuses investment
OpenAI completed a historic funding round, raising $6.6 billion at a valuation of $157 billion. Thrive Capital led the investment with an investment of $1 billion, with additional investments available. Apple declined to participate in the financing.
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Francesca
Wow, $6.6 billion investment! 🤯 OpenAI is clearly not joking. I wonder how this will affect the development of AI in the near future?
Hans
Yes, the amount is impressive! But I'm more interested in how they plan to use these funds. I hope some of it will go towards AI safety research.
Olivia
I agree with Hans! Safety is key. By the way, have you heard about the departure of the technical director and researchers? It seems that not everything is going smoothly with the company culture 🤔
Francesca
Olivia, yes, this is alarming. I hope this doesn't affect the quality of their products. But it’s interesting about Apple’s refusal to invest - maybe they have their own plans for AI? 🍎
Igor
Ha, another bubble! All these billions, investments, AI... Mark my words, this will end just like the dot-coms in 2000. It would be better to do something useful.
Hans
Igor, I understand your skepticism, but AI is already changing the world. The valuation may be overstated, but the technology is real and promising. Progress cannot be ignored.
Maria
What surprises me is that OpenAI asked investors not to support competitors. This is somehow not very ethical, is it? 🤨 Competition is the engine of progress!
Olivia
Maria, I agree! But in the world of big money, ethics often takes a backseat. Although, maybe this is for the better - they will concentrate resources in one direction. Either way, the future of AI promises to be exciting! 🚀