[ad_1]
SINGAPORE: Singapore sovereign wealth fund, Temasek Holdings, is reportedly in discussions concerning a major funding in OpenAI, the bogus intelligence firm backed by Microsoft.
Based on sources accustomed to the matter who spoke to the Monetary Instances, senior executives from Temasek have engaged in a number of conferences with OpenAI’s CEO, Sam Altman, in current months.
Initially expressing curiosity in investing in Altman’s enterprise capital fund, Hydrazine Capital, Temasek’s discussions have allegedly expanded to incorporate the AI non-profit OpenAI, marking a possible strategic transfer within the quickly evolving AI panorama.
The reported cope with Temasek follows current speculations that Altman goals to lift between $5 trillion to $7 trillion for a community of AI chip factories.
The importance of this potential partnership comes amid the rising prominence of AI startups in america, which attracted one in each three {dollars} invested final yr.
OpenAI’s ChatGPT, launched in late 2022, contributed to this surge in curiosity, drawing consideration to generative AI applied sciences and prompting substantial investments within the sector.
Aside from Microsoft, which holds the most important stake in OpenAI, different traders within the firm embrace Khosla Ventures, Thrive Capital, Andreessen Horowitz, and Sequoia Capital.
Final month, OpenAI accomplished a deal to promote current shares in a young provide, valuing the corporate at $80 billion or extra.
Temasek, with a portfolio valued at S$382 billion as of March 31, has been an energetic investor within the tech sector, with Roblox, Tencent, and Alibaba amongst its holdings.
Regardless of the media experiences, each OpenAI and Temasek have chosen to stay silent on the matter and have shunned commenting on the alleged talks.
–
Featured picture by Depositphotos
[ad_2]
Source link
