OpenAI’s fund raising boom slows amid mounting debt
Al Jazeera
Experts have begun to question the AI startup’s path forward amid surging financial needs
OpenAI has been the darling of investors, having raised more than $168bn so far. But with still no profitable business model in sight, big tech investors like Nvidia and Microsoft are starting to slow down.
On Wednesday, Nvidia CEO Jensen Huang said the company is set to invest another $30bn into OpenAI but said it “might be the last time” the company will invest in the Sam Altman-led AI giant till it goes public.
Separately, Huang said that a previously touted $100bn investment in infrastructure is “not in the cards”.
However, the investment Nvidia is moving forward with is still sizable, and experts warn that it is a big risk to take.
“Thirty billion dollars is about an eighth of their [Nvidia] annual revenue. It’s about 50 percent of their quarterly revenue that they just announced. It’s significant,” Aleksandar Tomic, associate dean for strategy, innovation and technology at Boston College, told Al Jazeera.
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