OpenAI Expects ‘To Raise a Lot More Over Time’ From Microsoft, Others To Build ‘Superintelligence’

OpenAI plans to secure further financial backing from its biggest investor Microsoft as the ChatGPT maker’s chief executive Sam Altman pushes ahead with his vision to create artificial general intelligence (AGI) — computer software as intelligent as humans. From a report: In an interview with the Financial Times, Altman said his company’s partnership with Microsoft’s chief executive Satya Nadella was “working really well” and that he expected “to raise a lot more over time” from the tech giant among other investors, to keep up with the punishing costs of building more sophisticated AI models.

Microsoft earlier this year invested $10bn in OpenAI as part of a “multiyear” agreement that valued the San Francisco-based company at $29bn, according to people familiar with the talks. Asked if Microsoft would keep investing further, Altman said: “I’d hope so.” He added: “There’s a long way to go, and a lot of compute to build out between here and AGI… training expenses are just huge.” Altman said “revenue growth had been good this year,” without providing financial details, and that the company remained unprofitable due to training costs. But he said the Microsoft partnership would ensure “that we both make money on each other’s success, and everybody is happy.”