A New Area of A.I. Booms, Even Amid the Tech Gloom
The lab is in talks to complete a deal that would value it at around $29 billion, more than twice its valuation in 2021, two people with knowledge of the discussions said.
The potential deal where OpenAI would sell existing company shares in a so-called tender offer could total $300 million, depending on how many employees agree to sell their stock, they said.
The company is also in discussions with Microsoft which invested $1 billion in it in 2019 for additional funds, two people said.
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No area has created more excitement than generative artificial intelligence, the term for technology that can generate text, images, sounds and other media in response to short prompts.
Investors, pundits and journalists have talked up artificial intelligence for years, but the new wave the result of more than a decade of research represents a more powerful and more mature breed of A.I.
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Ultimately, it could provide a new way of interacting with almost any software, letting people chat with computers and other devices as if they were chatting with another person.