Microsoft-backed OpenAI, the artificial intelligence lab that competes with Alphabet’s DeepMind and Meta AI, says it has raised $250 million in new investment. Microsoft invested $1 billion in 2019 into OpenAI.
As part of that deal Microsoft become the firm’s sold cloud computing supplier.
“After our pre-friends-and-family round in 2016, our F&F round in 2017, our angel round in 2018, our pre-seed round in 2019, our seed round in 2020, and our seed extension in 2021, we’re delighted to share we’ve raised a Series A of $250 million,” says Sam Altman, OpenAI’s co-founder and CEO.
Some might say there is an artificial intelligence investing bubble. Others will argue the potential returns are so great the “over-investment” is a rational bet.
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