OpenAI raises up to $40bn in record-breaking deal with SoftBank

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The Guardian 1d ago

OpenAI raises up to $40bn in record-breaking deal with SoftBank - The Guardian

Quick Summary:

Japanese investment group says it wants to realise artificial super intelligence’ – smarter than people – in biggest capital raising ever for a start-upOpenAI said it had raised $40bn in a funding round that valued the ChatGPT maker at $300bn – the biggest capital-raising session ever for a startup.

It comes in a partnership with the Japanese investment group SoftBank and "enables us to push the frontiers of AI research even further,” OpenAI announced, adding it would "pave the way toward AGI (artificial general intelligence)” for which "massive computing power is essential”.Continue reading...

OpenAI has been riding on the success of its latest image-generation features in ChatGPT.