Altman further disclosed that OpenAI is exploring a secondary sale at an $86 billion valuation, which could result in a higher valuation in its next funding round than its recent $10 billion raise. Despite a supply crunch of Nvidia Corp.’s flagship data center GPU, the H100, OpenAI has started receiving the chips and expects more by the end of the year. The ultimate goal of OpenAI's investments is to develop artificial general intelligence, a hypothetical AI model that can perform a wide range of tasks and learn new ones at a human level.
Key takeaways:
- OpenAI LP is developing GPT-5 and plans to raise more capital from Microsoft Corp. to support its development efforts, according to CEO Sam Altman.
- GPT-5 is expected to offer more advanced features than current neural networks, but specific details and release date have not been disclosed.
- OpenAI's current flagship AI, GPT-4, represented a significant upgrade over the company's earlier models, with improved question-answering capabilities and reliability.
- OpenAI is not yet profitable, but its annual revenue run-rate climbed to $1.3 billion in October from $1 billion two months earlier and just $28 million last year.