OpenAI raises up to US$40bn in deal with SoftBank
Briefly

OpenAI has successfully raised $40 billion in a funding round, making it the most significant capital-raising effort for any startup to date. This partnership with SoftBank, which invests initially $10 billion and potentially $30 billion more by 2025, aims to advance artificial general intelligence. Additionally, OpenAI is transitioning towards more open generative AI models in response to intensifying competition from other firms. This strategic shift reflects a need to balance innovation with safety in an increasingly collaborative AI landscape, as voiced by critics like Elon Musk, who advocate for transparent development processes.
OpenAI raised $40 billion, marking the largest funding round for a startup, to advance AI and work towards artificial general intelligence.
SoftBank plans to invest $10 billion initially into OpenAI, with an additional $30 billion contingent on certain milestones being achieved by 2025.
The shift towards more open generative AI models signifies OpenAI's awareness of growing competition, emphasizing the need for a balance between open access and safety.
Elon Musk urges OpenAI to return to its safety-focused, open-source roots, amidst concerns over the risks associated with proprietary AI models.
Read at www.theguardian.com
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