This move comes amid speculation that OpenAI may be considering an initial public offering and as its recently appointed CFO has been actively touting the company’s strategy.
OpenAI’s fresh infusion of capital can help the company to accelerate research in cutting-edge AI technologies like GPT-4 and to acquire or build larger and more powerful computing infrastructure, among other areas, according to Nitish Mittal, Partner in the technology practice of Everest Group, a research firm.
“AI models require immense computational resources to train and operate,” he said in an emailed statement.
Read more at: CFO Dive
