penAI is in discussions about raising a funding round. This founding round would value the artificial intelligence startup at over $100 billion.
Thrive Capital, the previous backer, is leading the funding round. They will invest $1 billion in the artificial intelligence startup. Also, people expect Microsoft to be there, but it is uncertain if they will participate in the funding round.
Earlier this year, investors valued the AI startup at $80 billion, up from $29 billion in the previous year. The AI startup grew after they launched their machine learning, ChatGPT. They also grew with the AI-generated photos and videos made with their products. Financing the machine learning creator has been assisting the OpenAI serious outside solution of capital since January 2023. At that time, Microsoft invested about $10 billion.
Machine learning ChatGPT has accumulated significant popularity with many users. To keep market leadership, OpenAI will need to invest in research and development in ML. They need to be sure their ML model still cuts the edge of AI technology. Also, as well as the ML ChatGPT, AI products revolutionize industries and captivate many investors. However, it is essential to note that artificial intelligence is a risky, speculative business.
OpenAI made a declaration last week about their new prototype. The recent AI prototype, called SearchGPT, will give users `fast and timely answers with clear and relevant sources.` Also, the company declared they will add the new tool to their ChatGPT chatbot. Currently, the new tool is tested by a group of users.
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The launch may involve Google and its powerful search engine. Alphabet investors feared that OpenAI might take market share from Google in search. They worried about new ways to find information online. OpenAI is testing the waters by promising users the opportunity to `search in a more natural, intuitive way.`
`We think there is room to make search much better than it is today,` declared the OpenAI CEO, Sam Altman. OpenAI stockholders had been discussing a deal to sell shares at a $103 billion valuation for the AI startup. Also, the documents illustrated that new investments would value OpenAI at this price or higher.
In February, the company signed a deal letting the employees sell their purses in the company. As a result, the sales revealed the AI startup was privately valued at around $86 billion. OpenAI has a $3.4 billion income. Because of this, many people have criticized the company's business model. They said the survival of OpenAI beyond 2026 depends on raising more funds than any startup in history
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