OpenAI's AGI ambitions soar: Seeks additional funding from Microsoft amidst revenue growth
In the evolving landscape of AI development, OpenAI's pursuit of AGI with the support of Microsoft highlights the importance of strategic partnerships and substantial funding to navigate the challenges associated with creating more sophisticated AI models.
Highlights
- OpenAI is actively seeking continued support from Microsoft, its major benefactor, which has already pledged a substantial $10 billion
- While reporting positive revenue growth for the current year, Altman admitted that OpenAI has not yet achieved profitability due to substantial training costs
As per the latest news, Sam Altman, CEO of OpenAI, revealed the company's intention to secure additional funding for the development of Artificial General Intelligence (AGI). OpenAI is actively seeking continued support from Microsoft, its major benefactor, which has already pledged a substantial $10 billion. Altman expressed satisfaction with the current partnership with Microsoft, stating that it is "working really well."
Strategic partnership with Microsoft: A crucial funding source
Altman emphasised the need for substantial funding to advance AGI, a software designed to match human intelligence. He anticipates raising more funds over time from Microsoft and other investors to cover the significant costs associated with creating sophisticated AI models. Altman acknowledged the long journey ahead, stating, "There's a long way to go, and a lot of compute to build out between here and AGI... training expenses are just huge."
OpenAI's path to profitability & collaboration with Microsoft
While reporting positive revenue growth for the current year, Altman admitted that OpenAI has not yet achieved profitability due to substantial training costs. However, he highlighted the mutually beneficial nature of the partnership with Microsoft, ensuring that both companies profit from each other's success. Altman expressed optimism about the collaboration, stating, "everybody is happy."
OpenAI unveils new tools & upgrades
Recently, OpenAI showcased its latest advancements during Developer's Day, introducing a suite of new tools and upgrades to its GPT-4. Additionally, the company revealed plans for a marketplace that will feature its best apps, eventually sharing revenues with the most popular GPT creators.
