OpenAI continues to squander funds

The most recent funding cycle — spearheaded by Thrive Capital, a US venture capital organization aiming to infuse $1 billion — has generated $6.6 billion in investment and boosted the firm’s worth to $157 billion. Simultaneously, OpenAI is cautioning investors against competitors such as Anthropic, xAI, and Safe Superintelligence (SSI), a startup established by OpenAI’s co-founder Ilya Sutskever.

With Microsoft onboard, Apple backs away

Microsoft, which has previously poured billions of dollars into OpenAI similar to Thrive, is also looking to join this investment round. However, Apple, which had shown interest in participating, has subsequently withdrawn its interest, as reported by Reuters.

One probable reason for Apple’s shift in attitude could be the internal conflicts arising due to the board’s intentions to transition OpenAI into a profit-making entity. After this announcement, a number of crucial figures left OpenAI, notably including the exit of CTO Mira Murati.

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AndyC

Andy Curtis is an award-winning security consultant, researcher and public speaker. He has been working in the computer security industry since the early 1990s, having been employed by state and federal government, leading healthcare and banking providers across three continents. He has given talks about computer security for some of the world’s largest companies, worked with law enforcement agencies on investigations into hacking groups, and is a regular voice on TV and radio explaining IT security threats.

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