TECH NEWS – OpenAI’s latest valuation shows that the ever-expanding and accelerating artificial intelligence industry continues to show a growing trend.

A few days ago, it was reported that OpenAI, known for ChatGPT, had received $6.6 billion in funding. The company aims to create artificial intelligence that can outperform humans in many aspects. That’s why OpenAI CEO Sam Altman has been travelling the world to raise the money.

A few months ago, xAI, Elon Musk’s artificial intelligence company, signed a multi-million dollar deal to develop AI models, but the creators of ChatGPT have produced a more substantial result, proving that investors are still quite interested in AI and see money in how the technology will develop over the next few years.

Reuters has reported that OpenAI is now worth €150 billion, and this clearly shows that there is indeed a lot of interest in generative AI. After the launch of the ChatGPT, venture capital funds showed a particular interest in the industry, and several start-ups started to raise money from more sources.

Figure AI 2024 started with around €650 million in funding. Cohere received €480 million and Groq €600 million, but xAI is in a different time zone compared to these, with €5.5 billion in funding hitting Musk’s company in May. So, with OpenAI’s 6.6 billion, there are some serious billions flying around, which shows that investor interest is still there, and will certainly grow in 2025.

In the case of artificial intelligence, the technological ceiling is not yet very visible. At some point the technology will reach a peak, but this plateau is not yet very visible. Companies like Nvidia, who has been making a killing on the artifical intelligence boom, will continue to push the boundaries, and the “greens'” Blackwell architecture is going to help the AI companies massively.

Source: Reuters