The Californian start-up OpenAI increased its value
The Californian start-up OpenAI increased its value after raising significant capital from investors.
According to The New York Times, the Californian start-up OpenAI increased its value, as investors brought it to a value of at least 80 billion dollars.
In just over two years, it has been an eventful period for the inventor of the ChatGPT conversational robot.
The confidential transaction, not confirmed by OpenAI, and if real, the Californian start-up OpenAI increased its value, placing it among the most solid in the expanding technology of Artificial Intelligence (AI).
Californian start-up OpenAI increased its value to such an extent that it has nearly tripled in less than ten months, according to U.S. newspaper sources cited in the report released on Friday.
The deal calls for the San Francisco-based company to sell existing shares to investors, led by Thrive Capital, it said.
–The Californian start-up OpenAI increased its value: Huge deal–
Thrive Capital is an American venture capital firm based in New York City. It focuses on software and internet investments.
The firm was founded by Joshua Kushner who is also co-founder of Oscar Health and minority owner of the Memphis Grizzlies.
That deal allows managers and employees to sell shares at a very favorable price, three months after a major crisis hit OpenAI, when its co-founder and chief Sam Altman was fired and rehired a few days later under pressure from workers.
OpenAI brought its ChatGPT generative AI software online in late 2022.
The success of this interface has sparked unprecedented enthusiasm for this cutting-edge technology, capable of producing stunningly realistic text, sounds and images through a simple request in everyday language.
Created on the basis of previous searches on DALL-E and ChatGPT, this new platform is still in the testing phase, said the Californian start-up allied to Microsoft, which presented some videos.
The program can generate one-minute videos “with visual quality and respecting user demand,” OpenAI said on its website.
Meanwhile, it is making progress with Sora, which can “generate complex scenes with multiple characters, specific movements and precise details,” the company said.
It can also create a video from a still image, says the artificial intelligence (AI) giant.
Continuing to innovate
Sam Altman, OpenAI’s number one, said on the social network X that his company would offer “a limited number of creators access” to this new tool, as part of an experimental stage.
He also invited users to make proposals for generating videos, after which he disseminated some examples.
Meta, Google and Runway AI, which are working on similar applications, known as “text-to-video”, i.e. that allow a written idea to be converted into video, also presented samples of their progress.
The investigation will focus on three partnerships, each worth billions of dollars: Microsoft’s investment in California start-up OpenAI, Amazon’s investment in Anthropic, a direct competitor of OpenAI, and Google’s investment in Anthropic.
Google has long been considered the leader in artificial intelligence, but the arrival of OpenAI has changed things.
Microsoft has moved faster in the generative AI revolution with a $13 billion investment in OpenAI, the creator of ChatGPT.
And after a boardroom scuffle that temporarily pushed OpenAI director Sam Altman aside, Microsoft now holds a non-voting seat on the company’s board of directors.
Anthropic, founded by former OpenAI employees, received significant investment from both Google and Amazon last year and is considered a potential major player in the generative AI sector.
While the rest of the competitors are still in a race to match it, Californian start-up OpenAI increased its market value.
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