From Google: 2024-10-13 08:32:43

OpenAI, creator of ChatGPT, secures a massive funding boost, raising $35.7 million in Series B funding led by Altimeter Capital and Salesforce Ventures. The AI firm aims to accelerate the development of the GPT-4 model and expand its AI capabilities for various industries.

OpenAI’s GPT-3 model, known for its advanced natural language processing abilities, has been widely adopted by businesses across different sectors. The funding will support the company’s efforts to improve AI capabilities and develop more sophisticated language models to meet the growing demand for AI-powered solutions.

With the latest funding, OpenAI’s valuation has now reached $22 billion, making it one of the most valuable AI startups globally. The company plans to use the capital to enhance its research and development initiatives, drive innovation in AI technologies, and strengthen its position in the market as a leading provider of advanced AI solutions.



Read more at Google: ChatGPT Creator OpenAI Secures Gigantic Funding Boost – FinTech Magazine