OpenAI Now at $90B Valuation to Build Hardware Product with Jony Ive
Sep 28, 2023
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Renowned industrial designer Jony Ive discusses OpenAI's recent fundraising round and their plans to build a hardware product. They also talk about the new features in ChatGPT and its impact on user experience.
OpenAI's ChatGPT now has internet browsing capability, offering users access to current and authoritative information for tasks like research or planning.
OpenAI's potential hardware project in collaboration with former Apple designer Jony Ive hints at exciting future possibilities for the company.
Deep dives
OpenAI's New Browsing Capability in ChatGPT
OpenAI has announced an update to their chatbot model, ChatGPT, which now has the ability to browse the internet and provide users with current and authoritative information. This feature is particularly useful for tasks that require up-to-date information, such as technical research or vacation planning. The browsing capability is initially available to plus and enterprise users, with plans to expand it to all users soon.
OpenAI's Valuation and Potential Share Sale
OpenAI is reportedly in talks that could lead to a substantial increase in the company's valuation, potentially reaching between $80 and $90 billion. This would enable current employees to sell their shares, offering a unique opportunity for liquidity. OpenAI recently secured a $300 million investment, valuing the company at $29 billion, in addition to a sizable investment from Microsoft. With aspirations to generate a billion dollars in revenue for 2023 and a significant financial war chest, OpenAI appears poised for further growth and diversification.
OpenAI's Potential Hardware Project and Collaboration with Jony Ive
OpenAI is exploring a potential hardware project and is reportedly in discussions with Jony Ive, the iconic former Apple product designer. With Ive's expertise in hardware design, this collaboration could lead to intriguing possibilities for OpenAI. Although details are currently limited, OpenAI's previous robotics division and financial strength suggest that they are well positioned to undertake a hardware venture. OpenAI's upcoming conference in November has sparked speculation about potential announcements, including a hardware play or advancements in AI video capabilities.
In this episode, we dive into OpenAI's recent fundraising round at a whopping $90 billion valuation and explore what this means for the tech industry. We also take a closer look at the new features introduced in ChatGPT and discuss their impact on user experience and functionality.