OpenAI said on Monday that it has collected $40 billion in a fresh investment round, valuing the ChatGPT manufacturer at $300 billion, the largest capital-raising session ever for a business.
The funding comes from a collaboration with Japanese investment firm SoftBank Group and “enables us to push the frontiers of AI research even further,” according to a post on the San Francisco-based company’s website.
“Their support will help us continue building AI systems that drive scientific discovery, enable personalized education, enhance human creativity, and pave the way toward AGI (artificial general intelligence) that benefits all of humanity,” the company said.
AGI refers to a computational platform that possesses human-level intelligence.
The company intends to extend its infrastructure and “deliver increasingly powerful tools for the 500 million people who use ChatGPT every week.”
Content retrieved from: https://www.firstpost.com/tech/openai-raises-40-billion-valued-at-300-billion-in-historic-funding-round-13876137.html.
