Home ยป Notification to Investors: OpenAI Requests Abstention from Investing in Competing Companies such as Anthropic or xAI

Notification to Investors: OpenAI Requests Abstention from Investing in Competing Companies such as Anthropic or xAI

OpenAI’s latest investment announcement of a whopping $6.6 billion has stirred up some intriguing points in the tech world. With a business valuation of $157 billion, OpenAI has made it clear to investors that they are not interested in having them invest in competing AI companies.

According to Reuters, OpenAI has identified 5 companies as significant competitors in artificial intelligence development. These include Anthropic, Elon Musk’s xAI – a co-founder of OpenAI, Ilya Sutskever’s Safe Superintelligence – another co-founder of OpenAI, Perplexity, and Glean.

The mention of these 5 companies suggests that OpenAI not only sees research-focused AI companies as rivals but also views developers of search applications like Perplexity and Glean as key competitors.

Source: Reuters

TLDR: OpenAI’s recent investment announcement highlights key competitors in the AI space, not just in research but also in app development.

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