OpenAI SoftBank is investing $1.5 billion in OpenAI, the company behind ChatGPT. This deal allows current and former employees of OpenAI to sell their shares for $210 each.
With this, employees can cash out and get money for their shares, even though tech companies aren’t having many IPOs right now.
SoftBank’s CEO, Masayoshi Son, led the deal because he wants a bigger part of OpenAI. The funding will help OpenAI keep improving its AI while giving its workers and investors a chance to earn money from their shares.
SoftBank’s AI growth, OpenAI’s legal and ethical challenges
SoftBank’s investment is part of its plan to grow in the world of artificial intelligence. In October, it helped OpenAI raise $6.6 billion.
This deal fits SoftBank’s goal of supporting companies creating cutting-edge technology.
In July, SoftBank also invested in an AI company working to give robots and machines smarter, more flexible “brains.”
OpenAI’s unreleased text-to-video tool, called Sora, was recently leaked online by beta testers and artists. These individuals claimed they were exploited during the tool’s development.
The group shared access to Sora and accused OpenAI of not paying them for their work or giving proper credit for their contributions.
Although OpenAI quickly blocked access to the leaked tool, the incident has sparked debates about fairness and ethics in the AI industry.
On Nov. 7, a U.S. federal judge dismissed a copyright lawsuit against OpenAI. The lawsuit was filed by news outlets that claimed their articles were unfairly used to train ChatGPT.
The judge said there wasn’t enough evidence to prove the news outlets were harmed. However, the lawyers for the news outlets said they will refile the case with more proof, which they believe will answer the court’s concerns.
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