What next for OpenAI after $157 billion bonanza? …C0NTINUE READING HERE >>>
Sam Altman, CEO of OpenAI, is seen by some as the next Steve Jobs or Bill Gates.
Photo: Patrick T. Fallon / AFP/File
Source: AFP
ChatGPT-maker OpenAI has become an AI powerhouse after securing Silicon Valley’s largest-ever funding round. The company now faces the challenge of delivering on its promise to become the next Apple or Google.
The funding
OpenAI raised $6.6 billion in cash and secured a $4 billion credit line, catapulting the company to a staggering $157 billion valuation.
There is no question that the investment round spearheaded by CEO Sam Altman and his newly hired CFO…
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