Close
OpenAI experienced a tumultuous year in 2024, marked by significant executive turnover and a shift towards a for-profit model. The company achieved a historic valuation of $80 billion while facing legal challenges, including lawsuits from co-founder Elon Musk. Despite these hurdles, CEO Sam Altman managed to retain his position after a brief ousting, which employees referred to as 'The Blip.'
The year also saw OpenAI's expansion into new partnerships, such as integrating ChatGPT into Apple's software. However, the company faced criticism over safety concerns and employee departures, including co-founder Ilya Sutskever. As OpenAI navigated these challenges, it raised a record $6.6 billion in funding, solidifying its status in the AI landscape.
• OpenAI reached an $80 billion valuation amid executive turnover.
• Elon Musk's xAI raised billions to compete with OpenAI.
OpenAI transitioned from a nonprofit to a for-profit entity to attract investment.
OpenAI's valuation reached $80 billion, reflecting its market position in AI.
OpenAI aims to develop AGI that is safe and beneficial, as stated by co-founder Sutskever.
OpenAI is a leading AI research organization focused on developing safe and beneficial AI technologies.
Founded by Elon Musk, xAI aims to challenge OpenAI's dominance in the AI sector.
VentureBeat 14month
Isomorphic Labs, the AI drug discovery platform that was spun out of Google's DeepMind in 2021, has raised external capital for the first time. The $600
How to level up your teaching with AI. Discover how to use clones and GPTs in your classroom—personalized AI teaching is the future.
Trump's Third Term? AI already knows how this can be done. A study shows how OpenAI, Grok, DeepSeek & Google outline ways to dismantle U.S. democracy.
Sam Altman today revealed that OpenAI will release an open weight artificial intelligence model in the coming months. "We are excited to release a powerful new open-weight language model with reasoning in the coming months," Altman wrote on X.
Log in
Sign Up
AI Tools - Popular
AI Tools - Categories
GPTs - Categories
AI for Jobs
Key AI Highlights in this Article
Key AI Terms Mentioned in this Article
Companies Mentioned in this Article
