ChatGPT, a cutting-edge AI platform created by OpenAI, is rapidly increasing its popularity, but with it comes debate over the implications of this technology. OpenAI’s CEO Sam Altman recently warned that the company may have to leave Europe if the regulating entities maintain the current EU AI Act, which he believes is over-regulating.
OpenAI has gone on to secure $175 million from investors for a startup investment fund. The investment will mainly be put toward the OpenAI Startup Fund and provide support to companies that are working to empower AI and its positive impact on the world. Over the course of seven investment rounds, OpenAI has raised $11.3 billion. The funding was provided by twelve investors, including Thrive Capital, Andreessen Horowitz, Sequoia Capital, Tiger Global Management, and Microsoft. OpenAI is also investing on its own terms; its most recent investment was EdgeDB in November 2022, in which it provided $15 million.
Opera is using ChatGPT technology in its AI sidebar and, as of May 23, Microsoft has made Bing its default search engine for ChatGPT users. The feature will eventually be opened to all ChatGPT users, with free users having access to it shortly. ChatGPT is also making advancements in terms of AI-based applications, with advancements such as natural conversation and medical diagnosis with the help of AI algorithms.
OpenAI is making a mark on the world of AI and the technology’s implications. With its CEO Sam Altman at the helm, the company is pushing for better regulation of AI technology, as well as for a balance between regulators and AI companies. OpenAI’s commitment to innovation is clear, and its place in the AI world is on the rise.
