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It’s arguably “the largest private tech funding round on record,” according to PitchBook.
OpenAI will leverage the raised funds to scale greater heights in AI scaling and development.
SoftBank Group Corp.
In fact, SoftBank believes OpenAI is “closest to achieving Artificial General Intelligence.”
However, financial experts are skeptical about the future of AI and its profitability.
According to Ratings agency S&P Global, “SoftBanks financial condition will likely deteriorate.”
To this end, AI labs have struggled to establish clear profitability in the landscape.
Interestingly, they predictMicrosoft could acquire OpenAI within the next 3 years.
