Mar 14, 2019

To Compete With Google, OpenAI Seeks Investors–and Profits

Posted by in categories: Elon Musk, robotics/AI

On Monday, OpenAI’s leaders said that a paltry $1 billion wouldn’t be enough to compete with the well-resourced AI labs at companies such as Google and Facebook after all. They announced the new investment vehicle, a company called OpenAI LP, as a way to raise extra money for the computing power and people needed to steer the destiny of AI. Musk left the board of OpenAI last February and is not formally involved in OpenAI LP.

OpenAI, the independent research lab cofounded by Elon Musk, created a for-profit arm to attract more funding to hire researchers and run computers.

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