Cathie Wood's Ark is doubling down on OpenAI with at least $250 million in its new funding round
Business InsiderOCT 2024
OpenAI has gone through some tumultuous times, but it's still growing both financially and productivity-wise. Despite losing many of its founding executives and scientists, Sam Altman has still been able to push ahead with the development of GPT-5 and achieve another multi-billion-dollar funding round. OpenAI is enduring whatwhile all start-ups endure—balancing creativity with sound business practice.
Any shred of OpenAI's founding philosophy has now disappeared. With a profit-driven CEO and board, — not to mention the liquidation of theits entire nonprofit side of— the organization, the ChatGPT creator is moving full steam ahead toward one thing: money. Everyone fromknows former OpenAI employees to the general public know this won't be good for humanity, but itneither seems the govermentgovernment andnor the investment classseem aren'tto doing anything about itcare.
There's a 50% chance that OpenAI will announce GPT-5 on Feb. 10, 2025, according to the Metaculus prediction community.