OpenAI on Monday said it raised US$40 billion in a new funding round that valued the ChatGPT maker at US$300 billion, the biggest capital-raising session ever for a start-up.
ChatGPT is an artificial intelligence (AI) chatbot launched in November 2022.
The infusion of cash comes in a partnership with Japanese investment giant Softbank Group Corp and “enables us to push the frontiers of AI research even further,” the San Francisco-based company said in a post on its Web site.
Photo: AFP
“Their support will help us continue building AI systems that drive scientific discovery, enable personalized education, enhance human creativity and pave the way toward AGI [artificial general intelligence] that benefits all of humanity,” the company said.
AGI refers to a computing platform with human-level intelligence.
Softbank said in a news release that it is on a mission to realize artificial super intelligence (ASI) that surpasses human intelligence, and that OpenAI is the partner closest to achieving that goal.
“The advancement of OpenAI’s AI models is key to achieving AGI and ASI, and massive computing power is essential,” Softbank said in its rationale for the latest investment in the company.
Softbank is to pump US$10 billion into OpenAI to start, and US$30 billion more by the end of this year pending certain conditions.
OpenAI plans to scale its infrastructure and “deliver increasingly powerful tools for the 500 million people who use ChatGPT every week.”
The funding news came the same day OpenAI announced it was building a more open generative AI model as it faces growing competition in the open-source space from Chinese rival DeepSeek (深度求索) and Facebook parent Meta Platforms Inc.
The move would mark a strategic shift by OpenAI, which until now has been a fierce defender of closed, proprietary models that do not allow developers to modify the basic technology to make AI more adapted to their goals.
OpenAI and defenders of closed models — which include Alphabet Inc’s Google — have often decried open models as riskier and more vulnerable to nefarious uses by malicious actors or non-US governments.
OpenAI’s embrace of closed models has also been a bone of contention in its battles with former investor Elon Musk, who has called on OpenAI to honor the spirit of the company’s name and “return to the open-source, safety-focused force for good it once was.”
Putting pressure on OpenAI, many large companies and governments have proved reluctant to build their AI products or services on models they have no control over, especially when data security is a concern.
The core selling point of Meta’s family of Llama models or DeepSeek’s models is addressing such worries by letting companies download their models, and have far greater control to modify the technology for their own purposes and keep control of their data.
“We’ve been thinking about this for a long time, but other priorities took precedence. Now it feels important to do,” OpenAI chief executive Sam Altman wrote on X of the decision to build a more open model.
Meanwhile, the frenzy to create Ghibli-style AI art using ChatGPT's image-generation tool led to a record surge in users for the chatbot last week, straining its servers and temporarily limiting the feature's usage.
The viral trend saw users from across the globe flood social media with images based on the hand-drawn style of the famed Japanese animation outfit, Studio Ghibli, founded by renowned director Hayao Miyazaki and known for movies such as "Spirited Away" and "My Neighbor Totoro."
Average weekly active users breached the 150 million mark for the first time this year, according to data from market research firm Similarweb.
"We added one million users in the last hour," Altman said in an X post on Monday, comparing it with the addition of one million users in five days following ChatGPT's red-hot launch more than two years ago.
That claim came days after Altman said the new image features were so popular that they were melting the OpenAI graphics processing units that power the AI due to heavy use.
Additional reporting by Reuters
Jensen Huang (黃仁勳), founder and CEO of US-based artificial intelligence chip designer Nvidia Corp and Taiwan Semiconductor Manufacturing Co (TSMC, 台積電) on Friday celebrated the first Nvidia Blackwell wafer produced on US soil. Huang visited TSMC’s advanced wafer fab in the US state of Arizona and joined the Taiwanese chipmaker’s executives to witness the efforts to “build the infrastructure that powers the world’s AI factories, right here in America,” Nvidia said in a statement. At the event, Huang joined Y.L. Wang (王英郎), vice president of operations at TSMC, in signing their names on the Blackwell wafer to
France cannot afford to ignore the third credit-rating reduction in less than a year, French Minister of Finance Roland Lescure said. “Three agencies have downgraded us and we can’t ignore this cloud,” he told Franceinfo on Saturday, speaking just hours after S&P lowered his country’s credit rating to “A+” from “AA-” in an unscheduled move. “Fundamentally, it’s an additional cloud to a weather forecast that was already pretty gray. It’s a call for lucidity and responsibility,” he said, adding that this is “a call to be serious.” The credit assessor’s move means France has lost its double-A rating at two of the
AI BOOST: Although Taiwan’s reliance on Chinese rare earth elements is limited, it could face indirect impacts from supply issues and price volatility, an economist said DBS Bank Ltd (星展銀行) has sharply raised its forecast for Taiwan’s economic growth this year to 5.6 percent, citing stronger-than-expected exports and investment linked to artificial intelligence (AI), as it said that the current momentum could peak soon. The acceleration of the global AI race has fueled a surge in Taiwan’s AI-related capital spending and exports of information and communications technology (ICT) products, which have been key drivers of growth this year. “We have revised our GDP forecast for Taiwan upward to 5.6 percent from 4 percent, an upgrade that mainly reflects stronger-than-expected AI-related exports and investment in the third
RARE EARTHS: The call between the US Treasury Secretary and his Chinese counterpart came as Washington sought to rally G7 partners in response to China’s export controls China and the US on Saturday agreed to conduct another round of trade negotiations in the coming week, as the world’s two biggest economies seek to avoid another damaging tit-for-tat tariff battle. Beijing last week announced sweeping controls on the critical rare earths industry, prompting US President Donald Trump to threaten 100 percent tariffs on imports from China in retaliation. Trump had also threatened to cancel his expected meeting with Chinese President Xi Jinping (習近平) in South Korea later this month on the sidelines of the APEC summit. In the latest indication of efforts to resolve their dispute, Chinese state media reported that
RSS