SoftBank has approved a second installment of its substantial $30 billion investment in OpenAI, amounting to $22.5 billion, paving the way for a potential public offering. This decision reflects SoftBank’s belief in OpenAI’s successful restructuring into a public benefit corporation. OpenAI anticipates yearly expenses of $16 billion for its AI model operations, rising to $40 billion next year, with a total budget of $100 billion through 2030 to fund research and development. Despite concerns over financial sustainability, OpenAI maintains strong investor interest, recently valued at $500 billion. Additionally, OpenAI has launched ChatGPT Atlas, an AI browser interface that integrates its assistant into web navigation. This innovation signals a strategic shift, aiming to redefine browsing while competing directly with platforms like Google Chrome and Apple Safari. By embedding AI within the browser, OpenAI enhances user interactivity and productivity, aligning with the trend of AI-centric web solutions.
Source link
Share
Read more