• Nigerian/African Tech
  • Start Up
  • Internet
    • App
    • Mobile
    • Software
  • Gadgets
  • Money
  • Video
Tech News, Magazine & Review WordPress Theme 2017
  • Home
  • Africa
  • Business
  • Video
  • Metaverse
  • AI
  • Gadgets
  • Earnings
  • Tips
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
  • Home
  • Africa
  • Business
  • Video
  • Metaverse
  • AI
  • Gadgets
  • Earnings
  • Tips
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
TechBooky
Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
Home Artificial Intelligence

OpenAI Is In Talks To raise Funds That Would Value It At $29b

Ayoola by Ayoola
January 6, 2023
Share on FacebookShare on Twitter

The company which is behind popular applications such as ChatGPT and DALL-E is in talks with VC firms Thrive Capital and Founders Fund. This new move has increased the valuation of the company from the initial $21bn in 2021 after a secondary share sale.

Also On TechBooky

OpenAI Brings Back Internet Access Feature For ChatGPT Users

Meta Announces AI Stickers And AI Powered Tools For Creators Across Its Platforms

OpenAI Unveils Enhanced ChatGPT With Voice Commands And Image Interaction

Resilience Redefined: Why Morgan Stanley’s 2015 iPhone Sales Peak Prediction Fell Short

LimeWire’s Unexpected Transformation From Music Piracy To Generative AI

This new development comes barely a month after OpenAI launched an experimental chat bot, ChatGPT which aims to respond to questions is an interactive format.

ChatGPT which has reached over 1m users, has been praised for its ability to answer questions but has been met with criticism due the content of some of the response some of which were biased, racist or plain incorrect according to users.

However, the popularity of ChatGPT has continued to grow, with Microsoft planning to integrate it with Bing search engine to create a more conversational search engine.

This is in line with Microsoft vision to help bring about a “secure, trustworthy and ethical” AI which prompted them to invest $1bn in OpenAI in 2019.

In 2021, OpenAI created DALL-E, a software that will enable users to generate multiple images using phrases or sentences. The new version of the software, DALL-E2, announced in April 2022 was made to “generate more realistic images with four times greater resolution” according to OpenAI. Early access to the beta version of DALL-E2 was made available to 1 million users in July 2022.

Tags: AIChatGPTfundingopenaivaluation
Ayoola

Ayoola

Ayoola Faseyi, an Abuja based Journalist with interest in Technology and Politics. He is a versatile writer with articles in many renowned News Journals. He is the Co-Founder of media brand, The Vent Republic.

BROWSE BY CATEGORIES

Freshly Squeezed

  • Meta Plans $14 Ad-Free Tier For Facebook And Instagram In Europe October 3, 2023
  • Satya Nadella Is Blaming Apple For Bing’s Distant Second Position To Google Search October 3, 2023
  • Elon Musk’s Vision for X: Gaming, Shopping, and Video Galore October 3, 2023
  • Charge Checkpoint: Understanding the Stages of Car Battery Life October 3, 2023
  • What To Expect From The Made By Google Event In Two Days October 2, 2023
  • OpenAI Brings Back Internet Access Feature For ChatGPT Users September 28, 2023

RSS More from TechBooky Africa

  • Seven Unique Takes on Ranking the Android Foldable Phones of 2023. October 2, 2023 Eni Emeka
  • PayDay Potential Sale Stirs Reactions Based On The Recently Acquired $3M Investment Equity.  September 22, 2023 Eni Emeka
  • The $1.9M Pre-Seed Equity Bankrolls Fixit45’s “…advancement towards expansion objectives” — Pankaj Bohhra.  September 21, 2023 Eni Emeka
  • The Best Android Smartwatches of 2023.  September 13, 2023 Eni Emeka
  • “Crypto vs. Taxes” — The Blockchain Association of Kenya Takes on the Government. September 2, 2023 Eni Emeka
  • Chargel Is A Catalyst for Transformation in Cote d’Ivoire’s Energy Landscape. September 2, 2023 Eni Emeka
  • Black Ostrich Ventures’ $20m Equity Funding for Pre-Seed & Other Early-Staged Start-Up Investment Grant. September 1, 2023 Eni Emeka
  • MTN Nigeria Commercial Paper Deal Impact The Gravity Of Adequate Working Capital Equity For Businesses & The Industry. August 31, 2023 Eni Emeka
  • Airtel Uganda Projectile IPO Estimated Worth, Hovers At $215 Million & Above. August 31, 2023 Eni Emeka
  • Bank of Ghana Issued Eganow Operational ePayment Service License, …is Disrupting The Country’s FinTech Industry. August 30, 2023 Eni Emeka

Receive top tech news directly in your inbox

Loading

RSS More from TechBooky Business

  • Amazon To Invest Up To $4 Billion in Anthropic, A Rival to ChatGPT Developer, OpenAI September 25, 2023 Fae Arthur
  • Correcto Grabs $7M To Build Out Its ‘Grammarly For Spanish’ September 25, 2023 Fae Arthur
  • Amazon Prime Video To Introduce Ads In Some Locations September 22, 2023 Femi Balo
  • Revolutionising Financial Crime Prevention: Silent Eight’s AI-Powered Solution September 22, 2023 Femi Balo
  • Cisco Acquires Cybersecurity Firm Splunk in $28 Billion Cash Deal September 22, 2023 Femi Balo
  • Instacart’s Strong Nasdaq Debut Sees 12% Stock Surge At Closing Yesterday September 20, 2023 Femi Balo
  • DoorDash To Move Listing from NYSE to Nasdaq September 15, 2023 Femi Balo
  • Arm Holdings Gains Continue On Nasdaq Debut Week September 15, 2023 Femi Balo
  • Oracle Faces Investor Concerns as Q1 Earnings Disappoint September 15, 2023 Femi Balo
  • HP Faces Investor Concerns as Q3 Earnings Fall Short of Expectations September 2, 2023 Femi Balo

Browse Archives

October 2023
M T W T F S S
 1
2345678
9101112131415
16171819202122
23242526272829
3031  
« Sep    

About Us

TechBooky

TechBooky is a social Tech blog with a special focus on the budding African Technology sector. TechBooky is currently based in Abuja, Nigeria.

Subscribe to TechBooky

Enter your email address to subscribe to TechBooky and receive notifications of new posts by email.

Join 17,656 other subscribers.

Receive top tech news directly in your inbox

Loading

Popular Tags

AI (309) amazon (97) android (304) app (664) Apple (502) artificial intelligence (334) business (419) china (117) cloud (141) cryptocurrency (164) ecommerce (112) enterprise (257) facebook (482) gadget (502) gaming (179) google (579) government (403) guest post (109) instagram (147) internet (389) ios (262) iphone (221) microsoft (284) mobile (321) new feature (329) nigeria (282) privacy (146) research (134) samsung (153) security (387) smartphone (257) social media (718) software (460) startup (272) streaming (149) telecom (159) tips (351) transport (109) twitter (252) united states (205) users (157) videos (116) website (166) whatsapp (136) youtube (110)

Quick Links

  • Home
  • Africa
  • Business
  • Video
  • Metaverse
  • AI
  • Gadgets
  • Earnings
  • Tips

RSS African Tech News

  • Seven Unique Takes on Ranking the Android Foldable Phones of 2023. October 2, 2023 Eni Emeka
  • PayDay Potential Sale Stirs Reactions Based On The Recently Acquired $3M Investment Equity.  September 22, 2023 Eni Emeka
  • The $1.9M Pre-Seed Equity Bankrolls Fixit45’s “…advancement towards expansion objectives” — Pankaj Bohhra.  September 21, 2023 Eni Emeka
  • The Best Android Smartwatches of 2023.  September 13, 2023 Eni Emeka
  • “Crypto vs. Taxes” — The Blockchain Association of Kenya Takes on the Government. September 2, 2023 Eni Emeka
  • Chargel Is A Catalyst for Transformation in Cote d’Ivoire’s Energy Landscape. September 2, 2023 Eni Emeka
  • Black Ostrich Ventures’ $20m Equity Funding for Pre-Seed & Other Early-Staged Start-Up Investment Grant. September 1, 2023 Eni Emeka
  • MTN Nigeria Commercial Paper Deal Impact The Gravity Of Adequate Working Capital Equity For Businesses & The Industry. August 31, 2023 Eni Emeka
  • Airtel Uganda Projectile IPO Estimated Worth, Hovers At $215 Million & Above. August 31, 2023 Eni Emeka
  • Bank of Ghana Issued Eganow Operational ePayment Service License, …is Disrupting The Country’s FinTech Industry. August 30, 2023 Eni Emeka

RSS Business Tech News

  • Amazon To Invest Up To $4 Billion in Anthropic, A Rival to ChatGPT Developer, OpenAI September 25, 2023 Fae Arthur
  • Correcto Grabs $7M To Build Out Its ‘Grammarly For Spanish’ September 25, 2023 Fae Arthur
  • Amazon Prime Video To Introduce Ads In Some Locations September 22, 2023 Femi Balo
  • Revolutionising Financial Crime Prevention: Silent Eight’s AI-Powered Solution September 22, 2023 Femi Balo
  • Cisco Acquires Cybersecurity Firm Splunk in $28 Billion Cash Deal September 22, 2023 Femi Balo
  • Instacart’s Strong Nasdaq Debut Sees 12% Stock Surge At Closing Yesterday September 20, 2023 Femi Balo
  • DoorDash To Move Listing from NYSE to Nasdaq September 15, 2023 Femi Balo
  • Arm Holdings Gains Continue On Nasdaq Debut Week September 15, 2023 Femi Balo
  • Oracle Faces Investor Concerns as Q1 Earnings Disappoint September 15, 2023 Femi Balo
  • HP Faces Investor Concerns as Q3 Earnings Fall Short of Expectations September 2, 2023 Femi Balo

Recent News

Meta Plans $14 Ad-Free Tier For Facebook And Instagram In Europe

Meta Plans $14 Ad-Free Tier For Facebook And Instagram In Europe

October 3, 2023
Satya Nadella Is Blaming Apple For Bing’s Distant Second Position To Google Search

Satya Nadella Is Blaming Apple For Bing’s Distant Second Position To Google Search

October 3, 2023
Elon Musk’s Vision for X: Gaming, Shopping, and Video Galore

Elon Musk’s Vision for X: Gaming, Shopping, and Video Galore

October 3, 2023
Charge Checkpoint: Understanding the Stages of Car Battery Life

Charge Checkpoint: Understanding the Stages of Car Battery Life

October 3, 2023
What To Expect From The Made By Google Event In Two Days

What To Expect From The Made By Google Event In Two Days

October 2, 2023
OpenAI Brings Back Internet Access Feature For ChatGPT Users

OpenAI Brings Back Internet Access Feature For ChatGPT Users

September 28, 2023
  • About TechBooky
  • Submit Article
  • Advertise Here
  • Contact us
  • Privacy Policy
  • Disclaimer
  • Login

© 2021 Design By Tech Booky Elite

Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
  • Home
  • Africa
  • Business
  • Video
  • Metaverse
  • AI
  • Gadgets
  • Earnings
  • Tips

© 2021 Design By Tech Booky Elite