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 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.
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: money. Everyone knows this won't be good for humanity, but neither the government nor the investment class seem to care.
There's a 50% chance that OpenAI will announce GPT-5 on Feb. 10, 2025, according to the Metaculus prediction community.