Sam Altman’s OpenAI To Receive Temasek Backing Amid AI Boom: Report
Sam Altman’s OpenAI, a leading firm developing AI-related services, recently garnered substantial attention across the global AI landscape as Singapore’s Temasek Holdings went into talks with Sam Altman’s firm, eyeing investment in the Microsoft-backed AI tech giant, per a report by the Financial Times.
Senior executives at Temasek Holdings, a state-owned government investment fund manager, have met with OpenAI CEO Sam Altman numerous times over the past few months, sparking speculations about imminent collaborative efforts between the two entities.
Also Read: Why Is eCash (XEC) Trending?
A Closer Look Into OpenAI’s Investment Report
Intriguingly, sources familiar with the matter proclaimed that Temasek initially planned to invest in Altman’s venture capital fund, Hydrazine Capital. However, recent discussions shed light on Temasek’s investments in the ChatGPT maker itself, aligning with the burgeoning popularity and growth witnessed by the AI sector globally in recent times.
Although the two entities officially declined to comment on the matter, this investment potentially aims to revolutionize OpenAI’s AI venture further, per a report. With the recent launch of OpenAI’s text-to-video platform, Sora, the firm already appears to be making waves throughout the AI industry. With this potential investment from Temasek, industry experts hope to see further advancements orbiting OpenAI’s AI boost.
Also Read: Hong Kong’s Mox Bank To Offer Crypto Investment & Spot Bitcoin ETF Services
The post Sam Altman’s OpenAI To Receive Temasek Backing Amid AI Boom: Report appeared first on CoinGape.
Sam Altman’s OpenAI To Receive Temasek Backing Amid AI Boom: Report
Sam Altman’s OpenAI, a leading firm developing AI-related services, recently garnered substantial attention across the global AI landscape as Singapore’s Temasek Holdings went into talks with Sam Altman’s firm, eyeing investment in the Microsoft-backed AI tech giant, per a report by the Financial Times.
Senior executives at Temasek Holdings, a state-owned government investment fund manager, have met with OpenAI CEO Sam Altman numerous times over the past few months, sparking speculations about imminent collaborative efforts between the two entities.
Also Read: Why Is eCash (XEC) Trending?
A Closer Look Into OpenAI’s Investment Report
Intriguingly, sources familiar with the matter proclaimed that Temasek initially planned to invest in Altman’s venture capital fund, Hydrazine Capital. However, recent discussions shed light on Temasek’s investments in the ChatGPT maker itself, aligning with the burgeoning popularity and growth witnessed by the AI sector globally in recent times.
Although the two entities officially declined to comment on the matter, this investment potentially aims to revolutionize OpenAI’s AI venture further, per a report. With the recent launch of OpenAI’s text-to-video platform, Sora, the firm already appears to be making waves throughout the AI industry. With this potential investment from Temasek, industry experts hope to see further advancements orbiting OpenAI’s AI boost.
Also Read: Hong Kong’s Mox Bank To Offer Crypto Investment & Spot Bitcoin ETF Services
The post Sam Altman’s OpenAI To Receive Temasek Backing Amid AI Boom: Report appeared first on CoinGape.