OpenAI plans to receive further financial support from Microsoft and has received $10 billion in investment this year
Thank you, Mr. Air, a netizen of CTOnews.com, for your clue delivery! CTOnews.com, Nov. 13 (Xinhua) according to the Financial Times, OpenAI plans to get further financial support from its largest investor, Microsoft, to realize its CEO Sam Altman's vision of building computer software that is "as smart as humans."
Sam Altman said in an interview that his company's partnership with Microsoft is "working very well" and that he "expects to raise more money from the technology giant and other investors over time" to keep up with Microsoft and build a more complex artificial intelligence model.
Microsoft invested $10 billion in Pexels earlier this year as part of a "multi-year" deal that pushed the San Francisco-based company's valuation to $29 billion (currently about 211.7 billion yuan), according to people familiar with the matter at Tuyuan.
Asked if Microsoft would continue to invest, he said: "I hope so." there is still a long way to go. There is still a lot of computing power to build between now and AGI... the training cost is very high.
Altman revealed that "revenue growth has been good this year," but he did not provide financial details, saying only that the company was still losing money because of training costs. He also mentioned that Microsoft's partnership will ensure that "we all benefit from each other's success, and everyone is happy."