Bloomberg Reports OpenAI Raises $122 Billion at $852 Billion Valuation
According to Bloomberg, Amazon invested $50 billion, while Nvidia and SoftBank invested $30 billion each, with $35 billion linked to an IPO or AGI (artificial general intelligence) milestone.
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Terms & Concepts
AGI: Artificial general intelligence, a term for AI systems with broad human-like cognitive abilities across many tasks.
IPO: Initial public offering, the process in which a private company lists its shares on a public stock exchange.