OpenAI has raised US$6.6 billion from investors like Thrive Capital and Tiger Global, but the AI company also sought assurances that investors would avoid funding five competing firms, according to a Reuters report.
“OpenAI’s move could stifle innovation in the short term,” said Nitish Mittal, Partner at Everest Group. “With fewer resources available, competitors might struggle to keep pace with OpenAI’s advancements. By restricting capital flow to competitors, OpenAI could consolidate more market share and talent, thus slowing down the growth of rivals.”
Read more at: Computer World