The Latest Breaking News from Sam Altman

OpenAI did not name the investors, but reports said that the funding round was led by New York-based venture capital firm Thrive Capital, including the company's biggest backer Microsoft and new participants, chipmaker Nvidia and SoftBank, among others.

One group is doubling down on optimism over AI; the other is fighting it out of fear.

NVIDIA recently unveiled powerful open-source multimodal large language models (LLMs) dubbed NVLM 1.0 with the flagship model, NVLM-D-72B featuring up to 72 billion parameters.

The departure of OpenAI Chief Scientist Ilya Sutskever raised concern among top officials in the firm behind the curtains. They reportedly tried to get the Chief Scientist back on the team by extending him a new and possibly lucrative deal, but their efforts were turned down.

OpenAI has officially closed its funding round with a $157 billion market capitalization after raising $6.6 billion from many big tech corporations, including Microsoft, NVIDIA, SoftBank, and more.

OpenAI confirms we will start to see the first true AI agent systems next year, able to act on its own to answer human queries.

Mira Murati’s surprise exit from OpenAI caps a chaotic year of staff infighting, rushed product launches, and executive upheaval.

Altman has denied rumors that he will get a 7% equity stake in the company that could be worth nearly $10 billion.

According to documents seen by the New York Times, OpenAI expects revenue of $3.7 billion in 2024, $11.6 billion in 2025, and $100 billion in 2029.

Altman said there are “no current plans” to give him equity in the company.

OpenAI CEO Sam Altman has reportedly been curating an "audacious plan" to address the firm's computing power needs, which require "$7 trillion and many years to build 36 semiconductor plants and additional data centers."