According to a recent report from The Wall Street Journal, OpenAI’s upcoming funding round is expected to reach $6.5 billion and could be finalized by the end of next week. This news also confirms the speculation that OpenAI will be transitioning from a nonprofit organization to a for–profit company. Investors in this round will have the option to withdraw their funds if the transition is not completed within two years. Despite reaching $4 billion in revenue, OpenAI is still facing significant losses and internal conflicts, as well as a work culture that leads to burnout and technical delays. In fact, researchers at the company only had 9 days to test the safety of their latest model, GPT-4o, in order to debut it before Google‘s annual I/O developer conference. To improve SEO, the text has been simplified and split into paragraphs, with each paragraph enclosed in
tags and returned in HTML format.
Read More @ techcrunch.com