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ChatGPT inventor needs new money
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In order to raise fresh capital, the inventor of ChatGPT estimates the value of his company at $100 billion. So far, OpenAI has primarily benefited from Microsoft. Large sums of money are expected to flow again now.
According to media reports, the ChatGPT inventor OpenAI is aiming for a total valuation of 100 billion dollars (almost 90 billion euros) in a new round of financing. So far, the AI ​​company has mainly raised money from the software giant Microsoft, which is said to have raised more than ten billion dollars. The current round of financing is being led by investor Thrive Capital, which wants to contribute a billion dollars, reported the Wall Street Journal, among others, citing informed people. Microsoft also wants to invest again. The conditions could still change at the same time, the financial service Bloomberg restricted in its report.
The overall evaluation of such financial injections depends on what share of the company the investors get for their money. Facebook, for example, was valued at a similar level before its IPO in 2012. Some other startups later failed to maintain their billion-dollar valuations.
AI race consumes billions
ChatGPT is the chatbot that sparked the artificial intelligence hype over a year ago. Such AI programs are trained with massive amounts of information and can formulate texts at the linguistic level of a human, write software code and summarize information. The principle behind this is that they estimate, word by word, how a sentence should continue.
An AI race has broken out in Silicon Valley in recent years. Learning the software requires massive computer infrastructure and can quickly cost billions. These are amounts of money that tech giants in particular have on hand. Google and the Facebook group Meta, among others, are investing heavily in their own AI models. At the same time, the heavyweights are also investing money in startups. Anthropic, one of OpenAI's strongest competitors, raised billions from Google and Amazon, among others, with the chatbot Claude.
