Reported about 13 hours ago
OpenAI has transitioned to a for-profit model and recently secured $6.6 billion in funding from prominent investors including Nvidia, Microsoft, SoftBank, and Cathie Wood's Ark Invest. This investment comes as part of OpenAI's plan to expand its AI capabilities, particularly in the face of projected revenue growth from $3.7 billion in 2024 to over $11 billion by 2025. While the for-profit transition is still subject to approval from OpenAI's nonprofit board, it aims to leverage significant funding to support its ambitious growth objectives.
Source: YAHOO