As per the latest report from the Financial Times, OpenAI plans to obtain further financial support from its largest investor Microsoft to realize the vision described by its CEO Sam Altman, which is to build “as smart as humans” computer software.
OpenAI plans to receive further financial support from Microsoft
Sam Altman said in an interview that his company’s partnership with Microsoft is “working very well” and that he “expects to raise more money over time from the tech giant and other investors” to Keep up with Microsoft’s progress to build more complex AI models.
Microsoft invested $10 billion in OpenAI earlier this year (IT Home Note: currently about 73 billion yuan) as part of a “multi-year” agreement that will bring the company headquartered in The company’s valuation in San Francisco has been pushed up to US$29 billion.
Altman revealed that “revenue growth has been good this year,” but he did not provide financial details, saying only that the company is still operating at a loss due to training costs. He also mentioned that the Microsoft partnership will ensure that “we all benefit from each other’s success and everyone is happy.”
