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OpenAI Receives $4B Credit Line

  • #Finance
  • #Artificial Intelligence
  • #Politics
OpenAI Receives $4B Credit Line
story
OCT 2024
Above: OpenAI co-founder and Chief Executive Officer Sam Altman during the Italian Tech Week 2024 on Sept. 25, 2024 in Turin, Italy. Image copyright: Stefano Guidi/Contributor/Getty Images News via Getty Images
story last updated OCT 2024

The Spin

Narrative A

OpenAI has gone through some tumultuous times, but it's still growing financially and productivity-wise. Despite losing many of its founding executives and scientists, Altman has been able to push ahead with the development of GPT-5 and achieve another multi-billion-dollar funding round. OpenAI is enduring while balancing creativity with sound business practice.

Wall Street Journal

Narrative B

Any shred of OpenAI's founding philosophy has disappeared. With a profit-driven CEO and board — not to mention the liquidation of its entire nonprofit side — the ChatGPT creator is moving full steam ahead toward one thing — profit. Everyone knows this won't be good for humanity, but neither the government nor the investment class seems to care.

Vox

Metaculus Prediction


Public Figures

Sam Altman


The Controversies


LOWHIGH
Status:Open
Does AI Pose an Existential Threat to Humanity?
Controversy
OCT 4 2024OCT 4 2024

Go Deeper

US Election Issue: Artificial Intelligence
Context
+11
SEP 2024SEP 2024
Artificial Intelligence
Context
+4
APR 2023APR 2023

Articles on this story

Cathie Wood's Ark is doubling down on OpenAI with at least $250 million in its new funding round
Business InsiderSEP 2024
Tiger Global is backing OpenAI in new $6.6 billion investment round
Business InsiderSEP 2024
OpenAI gets $4 billion revolving credit line, giving it more than $10 billion in liquidity
CNBCSEP 2024