Hold onto your hats, AI fans! OpenAI, the research lab behind cool tech like GPT-3, just landed a deal that values them at a mind-blowing $80 billion, according to the New York Times on Friday 16, February 2024. That's a huge jump from their previous funding, making them a major player in the AI game.
Investors like Thrive Capital and Sequoia Capital are throwing money at OpenAI, betting they'll be at the forefront of AI advancements. This could mean even more amazing things like AI doctors, super-smart financial advisors, or even robots writing your next favorite novel.
This deal comes after OpenAI introduced "SORA," AI model that turn texts into video. However, part of the deal will be used to move this project.
According to the report by NYT, OpenAI would sell existing shares in a so-called tender and employees will be able to withdraw their shares of the company rather than a traditional funding round which would raise money for the business.
But wait, there's more. Some folks are worried this high price tag might mean too much pressure, and wonder if OpenAI can live up to all the hype. Plus, with such powerful AI tech, there are questions about how it'll be used and if it'll be good for everyone.
One thing's for sure, this deal puts OpenAI in the spotlight. They've got the cash and the attention to make big waves in AI, but they'll need to navigate carefully to ensure their creations benefit us all. So, buckle up, the future of AI just got a whole lot more interesting.