OpenAI has secured $300 million from VCs at a valuation of $27-$29 billion.
Microsoft has already invested nearly $10 billion in OpenAI which is behind the highly successful Generative AI chatbot called ChatGPT.
Meta (formerly Facebook) is reportedly in touch with Microsoft and OpenAI to develop an artificial intelligence (AI) coding assistant for its engineers.
According to ‘Command Line’ by The Verge’s Alex Heath, Meta CTO Andrew Bosworth recently briefed employees about the plan, saying the cost of building an AI coding engineer is “insane” at around seven cents per question.
“It’s the only place in the company where we’re really looking at working with Microsoft and OpenAI, just because there’s a natural business integration,” he told employees.
He revealed that the company is also working on a “partner” that is more about all our code and our internal documentation, built on our own infrastructure.
“We’re moving very quickly. I think we’ll have something to play with internally, I’m hoping in the middle of June, maybe the end of June,” Bosworth said.
As per reports, OpenAI has secured $300 million from VCs at a valuation of $27-$29 billion.
VC firms including Tiger Global, Sequoia Capital, Andreessen Horowitz, Thrive and K2 Global are raising new shares, according to documents seen by TechCrunch.
Microsoft has already invested nearly $10 billion in OpenAI which is behind the highly successful Generative AI chatbot called ChatGPT.
ChatGPT has been a hit, with more than a billion visitors to its website in February, according to data from SimilarWeb.
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