Sam Altman Says 'It's Hopeless To Compete With' OpenAI
Portfolio Pulse from AJ Fabino
OpenAI CEO Sam Altman stated that competing with OpenAI in creating foundational AI models would likely be futile due to their expertise and $13 billion investment from Microsoft. However, he encouraged startups to innovate despite the challenges they might face.
June 09, 2023 | 2:11 pm
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Microsoft's $13 billion investment in OpenAI gives the company a massive advantage in AI development, making it difficult for competitors to keep up.
Microsoft's significant investment in OpenAI provides the company with a strong competitive advantage in the AI industry. This could lead to increased market share and dominance in the sector, positively impacting Microsoft's stock price in the short term.
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