OpenAI Stamps Feet, Says Investors Aren't Allowed to Back Its Rivals

Quick Summary:

Tying the Knot OpenAI announced yesterday that it had officially raised $6.6 billion in its latest investment round, an eyewatering figure that hoists the still-private AI company's valuation to an equally eyewatering $157 billion.

Often, because investing means access to proprietary information about a given company, an investor may naturally abstain from putting significant capital into rival companies.

And yet, it looks like major funds are willing to put all of their eggs in OpenAI CEO Sam Altman's basket.

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Article Details

Author / Journalist: Maggie Harrison Dupré

Category: Technology

Markets: United States

Topics: The digest Artificial Intelligence Ai OpenAI Silicon valley

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-03 @ 16:02:07 (13 hours ago)

News Timezone: GMT +8:00

News Source URL: futurism.com

Language: English

Article Length: 456 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 26 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Futurism

News ID: 22866911

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