Microsoft-backed OpenAI secures $80 billion valuation
AI investment surge continues as OpenAI completes funding round
Company remains a private entity despite skyrocketing valuation
Microsoft-backed OpenAI has closed a funding round that values the artificial intelligence company at $80 billion, according to a report from Reuters. The deal is a sign of the continued surge in investment in AI, as companies race to develop and deploy new technologies.
OpenAI was founded in 2015 by a group of researchers, including Elon Musk and Sam Altman. The company has since developed a number of high-profile AI projects, including the GPT-3 language model and the Dall-E 2 image generator.
The latest funding round was led by Microsoft, which invested $10 billion in OpenAI in 2019. Other investors in the round include Sequoia Capital, Tiger Global Management, and Founders Fund.
Despite its high valuation, OpenAI remains a private entity. The company has said that it plans to use the new funding to continue developing its AI technologies and to explore new applications for AI.
The investment in OpenAI is a sign of the growing interest in AI from both the tech industry and the broader financial community. AI is seen as a key technology for the future, with the potential to revolutionize a wide range of industries.
As AI continues to develop, it is likely that we will see more companies investing in the technology. This investment will help to accelerate the development of AI and could lead to new breakthroughs in the field.
Comments