OpenAI, the company behind the popular ChatGPT conversational AI model, has secured more funding.
Rapidly Developing Ecosystem
In addition to Microsoft’s $10 billion investment in January, venture capital firms Tiger Global, Sequoia Capital, Andreessen Horowitz, Thrive, and K2 Global are investing in OpenAI at a valuation of $27 billion to $29 billion.
OpenAI’s GPT family of big language models and ChatGPT generative AI service provide an attractive investment opportunity. Despite the controversy, it has continued to innovate and expand its service offerings.
Due to its singular focus on the AI space and Microsoft’s efforts to integrate OpenAI’s APIs with Azure infrastructure, OpenAI is the closest thing to a winner in the AI space.