The Wall Street Journal reports that OpenAI is currently in negotiations to secure a new round of funding, with an investment totaling in the billions of dollars. Thrive Capital is set to be the main investor in this round, while Microsoft, the current primary investor, will also contribute additional funding.
It is estimated that this round of investment may surpass the $10 billion figure that Microsoft invested in OpenAI earlier this year. This previous investment was significant as it sparked a surge of interest in the artificial intelligence industry, leading up to the present day. The latest reported valuation of OpenAI’s business is $86 billion.
The funding model for OpenAI remains consistent, with funds being allocated towards the for-profit arm of the business and any excess profits being redirected to the non-profit arm that supports the organization’s primary goal of developing AGI.
TLDR: OpenAI is in talks to secure a new round of funding worth billions, with Thrive Capital and Microsoft set to invest. Previous investments have driven interest in the AI industry, with OpenAI valuing its business at $86 billion. Funding will continue to support the development of AGI.
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