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A New Area of A.I. Booms, Even Amid the Tech Gloom
Just five weeks ago OpenAI the San Francisco artificial intelligence laboratory, launched ChatGPT, a chatbot that can answer questions in concise, clear prose. The A.I.-powered software immediately created an uproar with over 1 million people making use of it to write everything including high-school term paper papers, poetry, to remakes from Queen songs.
Presently OpenAI is in the middle of an exciting gold rush.
The lab is currently in talks to sign a contract that could value the company at about $29 billion. This is more than double its worth at the time of 2021's announcement, individuals who are aware of the talks told. The proposed deal could see OpenAI would offer existing shares of the company as a tender offer that could amount to $300 million, contingent on the number of employees who agree to sell their shares according to the sources. The company is also engaged in talks with Microsoft -who has invested $1 billion in it in the year 2019 -- to raise additional money, two sources confirmed.
The excitement surrounding OpenAI is proof that, despite the worst technological downturn in the past generation Silicon Valley's bargain-making engine still in operation. After a down year which saw huge reductions in staff and layoffs technology investorstypically optimistic will be eager to take advantage of a hot trend.
www.dream11today.com/a-new-area-of-a-i-booms-even-amid-th...
A New Area of A.I. Booms, Even Amid the Tech Gloom
Just five weeks ago OpenAI the San Francisco artificial intelligence laboratory, launched ChatGPT, a chatbot that can answer questions in concise, clear prose. The A.I.-powered software immediately created an uproar with over 1 million people making use of it to write everything including high-school term paper papers, poetry, to remakes from Queen songs.
Presently OpenAI is in the middle of an exciting gold rush.
The lab is currently in talks to sign a contract that could value the company at about $29 billion. This is more than double its worth at the time of 2021's announcement, individuals who are aware of the talks told. The proposed deal could see OpenAI would offer existing shares of the company as a tender offer that could amount to $300 million, contingent on the number of employees who agree to sell their shares according to the sources. The company is also engaged in talks with Microsoft -who has invested $1 billion in it in the year 2019 -- to raise additional money, two sources confirmed.
The excitement surrounding OpenAI is proof that, despite the worst technological downturn in the past generation Silicon Valley's bargain-making engine still in operation. After a down year which saw huge reductions in staff and layoffs technology investorstypically optimistic will be eager to take advantage of a hot trend.
www.dream11today.com/a-new-area-of-a-i-booms-even-amid-th...