OpenAI closes $6.6 billion funding haul with investment from Microsoft and Nvidia

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OpenAI closes $6.6 billion funding haul with investment from Microsoft and Nvidia - Channel News Asia

Quick Summary:

:OpenAI, the company behind ChatGPT, has raised $6.6 billion from investors, which could value the company at $157 billion and cement its position as one of the most valuable private companies in the world.

The company is on pace to generate $3.6 billion in revenue this year on mounting losses of over $5 billion.

The company has told investors it is still actively pursuing artificial general intelligence (AGI), meaning developing AI systems that surpass human intelligence, as it ramps up commercialization and tries to be profitable.