OP 17 December, 2023 - 06:21 AM
AI in Focus: Pumping the brakes
OpenAI's nonprofit division reported a modest revenue of $45,000 in the previous year, and despite the company's substantial valuation by private investors at $86 billion, its financial details remain opaque.
In contrast, a competitor based in Paris, Mistral AI, secured an impressive €385 million ($415 million) in its latest funding round. However, it's noteworthy that Mistral AI's valuation stands at $2 billion, a considerable difference from OpenAI, the creator of ChatGPT, despite the significant funding injection. This disparity highlights the diverse financial landscapes within the AI industry and underscores the unique positioning of OpenAI in the market.
In contrast, a competitor based in Paris, Mistral AI, secured an impressive €385 million ($415 million) in its latest funding round. However, it's noteworthy that Mistral AI's valuation stands at $2 billion, a considerable difference from OpenAI, the creator of ChatGPT, despite the significant funding injection. This disparity highlights the diverse financial landscapes within the AI industry and underscores the unique positioning of OpenAI in the market.
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