{"id":196966,"date":"2024-10-03T13:23:37","date_gmt":"2024-10-03T18:23:37","guid":{"rendered":"https:\/\/lifeboat.com\/blog\/2024\/10\/its-official-openai-is-worth-157-billion"},"modified":"2024-10-03T13:23:37","modified_gmt":"2024-10-03T18:23:37","slug":"its-official-openai-is-worth-157-billion","status":"publish","type":"post","link":"https:\/\/lifeboat.com\/blog\/2024\/10\/its-official-openai-is-worth-157-billion","title":{"rendered":"IT\u2019S OFFICIAL: OpenAI is worth $157 billion"},"content":{"rendered":"

<\/a><\/p>\n

\u201cThe new funding will allow us to double down on our leadership in frontier AI research, increase compute capacity, and continue building tools that help people solve hard problems,\u201d https:\/\/openai.com\/index\/scale-the-benefits-of-ai\/\u201d<\/a> rel=\u201cnoopener\u201d>OpenAI said in its announcement of the deal<\/a> on Wednesday.<\/p>\n

The funding comes as the nine-year-old AI startup led by CEO Sam Altman faces increasing competition from the likes of https:\/\/fortune.com\/company\/alphabet\/\u201d<\/a>>Google<\/a>, Meta, and other AI startups, and at a time when OpenAI is dealing with its own growing pains\u2014most famously, a boardroom coup last year in which Altman was briefly fired and then reinstated in a span of five days.<\/p>\n

Since then, the company has been roiled by a https:\/\/fortune.com\/2024\/09\/26\/mira-murati-exit-openai-altma\u2026ors-coup\/\u201d<\/a>>string of high-level departures<\/a> as it seeks to https:\/\/fortune.com\/2024\/09\/13\/sam-altman-openai-non-profit-\u2026ext-year\/\u201d<\/a>>evolve from its roots as a nonprofit research lab<\/a> to a producer of commercial products capitalizing on the industrywide AI gold rush. Last month, OpenAI chief technology officer Mira Murati unexpectedly resigned to \u201ccreate the time and space to do my own exploration.\u201d And as Fortune<\/em> reported this week, some insiders have voiced concerns that the https:\/\/fortune.com\/2024\/10\/01\/openai-sam-altman-mira-murati\u2026ent-year\/\u201d<\/a>>company\u2019s commitment to safety has taken a back seat<\/a> in the rush to release new products ahead of rivals.<\/p>\n","protected":false},"excerpt":{"rendered":"

\u201cThe new funding will allow us to double down on our leadership in frontier AI research, increase compute capacity, and continue building tools that help people solve hard problems,\u201d https:\/\/openai.com\/index\/scale-the-benefits-of-ai\/\u201d rel=\u201cnoopener\u201d>OpenAI said in its announcement of the deal on Wednesday. The funding comes as the nine-year-old AI startup led by CEO Sam Altman faces increasing [\u2026]<\/p>\n","protected":false},"author":556,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-196966","post","type-post","status-publish","format-standard","hentry","category-robotics-ai"],"_links":{"self":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/196966","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/users\/556"}],"replies":[{"embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/comments?post=196966"}],"version-history":[{"count":0,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/posts\/196966\/revisions"}],"wp:attachment":[{"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/media?parent=196966"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/categories?post=196966"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/lifeboat.com\/blog\/wp-json\/wp\/v2\/tags?post=196966"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}