TLDR:
OpenAI has reached a valuation of $80 billion through a deal with venture capital firm Thrive Capital, allowing employees to cash out their shares. CEO Altman is seeking a government license for AI chip manufacturing, potentially raising antitrust and national security concerns. OpenAI’s ChatGPT platform has sparked interest in AI technology, with the new product Sora generating buzz by creating films based on text cues.
Article Summary:
OpenAI has signed a deal with Thrive Capital, boosting its valuation to $80 billion, which is nearly three times higher than the previous value from nine months ago. This agreement allows employees to cash out their shares, with a similar deal being made early last year. CEO Sam Altman is currently seeking a government license for a new AI chip manufacturing business, which has raised concerns about antitrust and national security issues.
OpenAI’s introduction of ChatGPT in late 2022 has generated interest in artificial intelligence, leading to the launch of its new product, Sora, which can create films based on text cues. However, the availability of Sora to the public is still unclear due to safety measures being implemented to reduce bias and disinformation.
Overall, OpenAI’s recent developments and partnerships with venture capital firms are positioning the company as a key player in the AI technology market, with potential future impacts on various industries.
