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OpenAI will reach a valuation of more than $20 billion thanks to investments from Microsoft
Microsoft is considering investing $10 billion in the startup OpenAI. If the deal goes through, the value of the company could reach $29 billion.
So far there is no official statement from the interested parties, but some sources note that negotiations between the companies have lasted for several months. It is assumed that the amount of 10 billion dollars should be allocated by Microsoft in a few years.
OpenAI is a startup that develops artificial intelligence and machine learning. It was created in 2015 by Elon Musk and Sam Altman, head of the Y Combinator fund. The startup is working on various projects, but the most popular of late has been ChatGPT, which has already gained 1 million users in almost a week. It is an AI-based bot that mimics a conversation with a person.
In addition to the co-founders, investors in OpenAI include Amazon Web Services, Peter Thiel, Infosys, and others. The team is made up of specialists who previously worked for the AI divisions of Google and Facebook. In addition, OpenAI projects are advised by professors and experts in artificial intelligence and robot learning.
OpenAI positions itself as a nonprofit organization that explores the possibilities of AI. According to Elon Musk, artificial intelligence poses a great challenge to humanity, so it is crucial to use such technology properly. One important aspect of OpenAI’s work is to study cybersecurity issues related to the development of AI. The startup is working on a large-scale project that will last 10 years. According to the company’s management, the result of this work should be a technology, which by its capabilities will surpass the human brain.
OpenAI is active in a number of areas, including:
- Cybersecurity. Creating technologies that will protect against hacking.
- Web development. A program that can be used to write code.
- Creating a network of agents that will solve many problems by interacting and training each other.
In 2016, the company introduced OpenAI Gym, which is an AI platform based on reinforcement algorithm technology. It has a set of test environments for training, which contains different types of tasks, including logic, and algorithmic: desktop, video, and others.
Another startup project is OpenAI Five, a program that simulates human actions when playing computer games. In 2017, it managed to beat a real user in Dota 2, but the AI is still significantly inferior to humans when facing a team.
Together with GitHub, OpenAI developed GitHub Copilot, a cloud-based tool designed to help users of integrated environments.