The acquisition comes amid reports that OpenAI may face bankruptcy by 2024 due to its high cash burn rate. Despite receiving a $10 billion investment from Microsoft and other venture funding, the high-cost computing requirements of generative AI pose a significant challenge. OpenAI, known for making generative AI a household name with its ChatGPT product, is currently exploring AI-assisted content moderation systems as a potential use case for its large language models.
Key takeaways:
- OpenAI has acquired Global Illumination, a firm known for leveraging AI to build creative tools and digital experiences. The entire team will join OpenAI and work on its core products.
- Global Illumination's most recent project was an open source sandbox MMORPG called Biomes, which allows users to build, forage, and play mini-games from their browser.
- This is the first known acquisition by OpenAI, which is reportedly at risk of bankruptcy by 2024 if it continues its current rate of cash burn.
- OpenAI is exploring the use of large language models for AI-assisted content moderation systems, which could potentially be more accurate, consistent, and faster, with less need for human intervention.