OpenAI CEO Sam Altman says there's 'too much of an investor frenzy around AI in the short-term' in Silicon Valley
backing companies like Harvey and Langchain, and issuing a rare call out to woo startup investors looking for funding.
Funding to generative AI startups alone has jumped 580% in the past three years, according to PitchBook data. In the first quarter of this year, those companiesThere's so much AI startup funding activity that"Most of the good investments are still private," Graham wrote in a recent tweet. Regarding OpenAI's training of the next version of ChatGPT, GPT-5, Altman said the company hasn't started working on it yet. That was in response to claims that the company had started work on the update in April, but stopped after those in the tech industry, including Elon Musk and AI experts,Altman said it takes a lot of time, people and resources to train these models and there wasn't a set timeframe for when OpenAI will release the next version of the chatbot.
"We have a lot of work to do before we're ready to go start that model," Altman said."We're working on the new ideas that we think we need for it, but we're certainly not close to ready to start."Subscribe to push notifications
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