The deal gave the software company a valuation of $157bn (£118bn) – equivalent to investment bank Goldman Sachs and more than most of America’s biggest companies – making it one of the most valuable start-ups in the world.
OpenAI claimed the money will allow it to stay at the forefront edge of AI development.
The corporation has been in the news recently due in part to internal leadership conflict and discussions over its future direction. This coincides with the influx.
Sam Altman, the company’s CEO, is reportedly dismantling the non-profit board and reorganizing the business to become a for-profit organization.
Although the company’s change has drawn in investors, it has also turned off some of its employees and detractors.
Among these detractors is Elon Musk, a co-founder of OpenAI who left the company in 2018. According to him, the firm has given up on its original goal of creating AI that will benefit all people.
It is well acknowledged that OpenAI had a significant role in popularizing artificial intelligence tools and sparked a wave of increased interest and investment in the field.
According to OpenAI, the additional money will enable us to maintain our position as leaders in cutting-edge AI research, expand our computational power, and keep creating tools that aid in the solution of challenging challenges.
