OpenAI is an artificial intelligence research organization that aims to develop safe and beneficial Artificial General Intelligence, which it defines as highly autonomous systems that outperform humans at most economically valuable work. The company is known for creating some of the most advanced AI models in the world, including the widely-used GPT large language models that power the popular chatbot ChatGPT, the text-to-image generator DALL-E, and the text-to-video model Sora.
OpenAI has reached a valuation of $500 billion following a deal in which current and former employees sold roughly $6.6 billion worth of shares to a consortium of investors, including Thrive Capital, SoftBank, Dragoneer Investment Group, Abu Dhabi’s MGX, and T. Rowe Price.
OpenAI, headquartered in San Francisco, California, United States, was founded in 2015 by Andrej Karpathy, Durk Kingma, Elon Musk, Greg Brockman, Ilya Sutskever, John Schulman, Pamela Vagata, Sam Altman, Trevor Blackwell, Vicki Cheung, and Wojciech Zaremba. In 2019, the company joined the unicorn club. The valuation highlights intense investor confidence in the future of Artificial Intelligence, especially in the generative AI sector where OpenAI is the leading player.
