Sam Altman, the CEO of OpenAI, recently spoke to the Financial Times about the significant collaboration with Microsoft and his anticipation of raising a substantial amount of additional funding from them and other investors in the future. This is necessary to match the colossal costs associated with building ever-expanding AI models.
Altman expressed his hope for increased investment from Microsoft in OpenAI, as they embark on the path towards artificial general intelligence (AGI) in accordance with their vision, which stretches far into the future. However, reaching this ambitious goal requires a substantial influx of funds. Altman revealed that the company is still operating at a loss due to the high costs of training AI models, even though their revenue has been steadily improving. Unfortunately, specific numbers have not been disclosed.
Earlier this year, Microsoft made another round of substantial investments in OpenAI, amounting to “billions of dollars” (official figures remain undisclosed, but several publications speculate it could be as high as tens of billions of dollars).
TLDR: Sam Altman, the CEO of OpenAI, discusses their strong partnership with Microsoft and their plans to secure additional funding to support their pursuit of artificial general intelligence. Altman acknowledges the significant costs associated with building large-scale AI models and hopes that Microsoft remains a key investor. Despite facing losses, OpenAI’s revenue is steadily improving. Microsoft’s recent investment in OpenAI is estimated to be in the billions of dollars.