The infusion of cash comes in a partnership with Japanese investment giant SoftBank Group and “enables us to push the frontiers of AI research even further,“ the San Francisco-based company said in a post on its website.
AGI refers to a computing platform with human-level intelligence.
“The advancement of OpenAI's AI models is key to achieving AGI and ASI, and massive computing power is essential,“ SoftBank stated in its rationale for the latest investment in the company.
OpenAI plans to scale its infrastructure and “deliver increasingly powerful tools for the 500 million people who use ChatGPT every week.”
The funding news came the same day OpenAI announced it was building a more open generative AI model as it faces growing competition in the open-source space from Chinese rival DeepSeek, and Meta.
OpenAI and defenders of closed models -- which include Google -- have often decried open models as riskier and more vulnerable to nefarious uses by malicious actors or non-US governments.
Putting pressure on OpenAI, many large companies and governments have proved reluctant to build their AI products or services on models they have no control over, especially when data security is a concern.
Meta CEO Mark Zuckerberg said earlier this month that Llama hit one billion downloads, while the release of DeepSeek's lower-cost R1 model in January rocked the world of artificial intelligence.
OpenAI has been riding on the success of its latest image-generation features in ChatGPT, the world-leading AI app and chatbot.
That claim came days after Altman said the new image features were so popular that they were melting the OpenAI graphics processing units that power the AI due to heavy use.
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