Global site navigation

ChatGPT maker value rockets in funding talks: report
Business and Economy

ChatGPT maker value rockets in funding talks: report

by  AFP 2 min read
A report of ChatGPT maker OpenAI's value nearly tripling over the course of the past year comes as it adds voice and image features to the generative artificial intelligence platform
A report of ChatGPT-maker OpenAI's value nearly tripling over the course of the past year comes as it adds voice and image features to the generative artificial intelligence platform. Photo: OLIVIER MORIN / AFP
Source: AFP

PAY ATTENTION: Watch the hottest celebrity stories on our YouTube channel 'Briefly TV'. Subscribe now!

The value placed on startup OpenAI has rocketed to between $80 billion and $90 billion in talks with potential investors, the Wall Street Journal reported on Tuesday.

The estimated worth for the company behind generative artificial intelligence platform ChatGPT is nearly triple that of just a year ago, according to the report in the financial daily citing unnamed people familiar with the discussions.

OpenAI did not immediately respond to a request for comment.

Microsoft has invested billions of dollars in OpenAI, kicking off an AI race among tech firms.

OpenAI makes money by charging for access to enhanced versions of ChatGPT and licensing the underlying technology to businesses.

The San Francisco-based company this week said it is adding voice and image capabilities to the platform, which was previously limited to written prompts.

Read also

EU tells Apple chief to 'open up' to rivals

PAY ATTENTION: Click “See First” under the “Following” tab to see Briefly News on your News Feed!

Examples of how the new features could be used included taking a photo of the inside of a refrigerator to get meal recipe suggestions, or a picture of a child's math homework to get help solving problems.

Voice and image capabilities are being rolled out to ChatGPT Plus and Enterprise users over the course of the coming weeks, and are eventually heading for Apple and Google's smartphone operating systems, according to OpenAI.

Generative AI programs burst into the spotlight late last year, with ChatGPT demonstrating an ability to generate essays, poems and conversations from the briefest prompts.

Tech titans Google, Meta and Microsoft are among those racing to capitalize on the promise of generative AI while trying to avoid perils such as the technology's potential as a weapon for misinformation and cybercrime.

Source: AFP

Authors:
AFP avatar

AFP AFP text, photo, graphic, audio or video material shall not be published, broadcast, rewritten for broadcast or publication or redistributed directly or indirectly in any medium. AFP news material may not be stored in whole or in part in a computer or otherwise except for personal and non-commercial use. AFP will not be held liable for any delays, inaccuracies, errors or omissions in any AFP news material or in transmission or delivery of all or any part thereof or for any damages whatsoever. As a newswire service, AFP does not obtain releases from subjects, individuals, groups or entities contained in its photographs, videos, graphics or quoted in its texts. Further, no clearance is obtained from the owners of any trademarks or copyrighted materials whose marks and materials are included in AFP material. Therefore you will be solely responsible for obtaining any and all necessary releases from whatever individuals and/or entities necessary for any uses of AFP material.

Hot: