Money and how AI companies intend to obtain it so they can improve their product

[John Clark]

OpenAI, the company that created GPT-4, just announced a deal with the venture capital firm Thrive Capital that would value the company at at least $80 billion. Instead of using a traditional funding round the deal would allow employees to cash out their shares in OpenAI. Other AI companies are also raising lots of cash for further research and development:

OpenAI competitor Anthropic has raised $6 billion from Google and Amazon.
Inflection AI, started by a former Google researcher, has raised $1.5 billion.
And Cohere, started by a different Google researcher, has raised $440 million.

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