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About OpenAI
Industries
AI & Machine Learning
Company Size
5,001-10,000
Company Stage
Debt Financing
Total Funding
$18.4B
Headquarters
San Francisco, California
Founded
2015
Overview
OpenAI develops artificial intelligence technologies aimed at benefiting humanity. The company creates advanced AI models that can perform various tasks, such as automating processes and enhancing creativity. OpenAI's products, like Sora, allow users to generate videos from text descriptions, showcasing the capabilities of their AI systems. What sets OpenAI apart from competitors is its capped profit model, which limits the amount of profit the company can make, ensuring that excess profits are used to maximize the social benefits of AI. The goal of OpenAI is to ensure that artificial general intelligence (AGI) is developed safely and ethically, benefiting all of humanity.
Simplify's Take
What believers are saying
- OpenAI's focus on intellectual freedom aligns with growing demand for balanced content moderation.
- The rise of AI in healthcare presents expansion opportunities for OpenAI's models.
- SoftBank's $40B investment could accelerate OpenAI's growth and innovation.
What critics are saying
- Nvidia's Magic 1-For-1 poses a competitive threat to OpenAI's video capabilities.
- Elon Musk's xAI Grok 3 could outshine OpenAI's offerings, impacting market position.
- SoftBank's investment may pressure OpenAI to deliver high returns, conflicting with its model.
What makes OpenAI unique
- OpenAI's capped profit model ensures ethical AI development and social benefit focus.
- The company's commitment to AI ethics and transparency sets it apart in the industry.
- OpenAI's advanced AI models, like Sora, offer unique capabilities in video generation.
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Funding
Total Funding
$18433.2M
Above
Industry Average
Funded Over
4 Rounds
Tiger Global
Coatue Management
Founders Fund
Andreessen Horowitz
SoftBankBenefits
Health insurance
Dental and vision insurance
Flexible spending account for healthcare and dependent care
Mental healthcare service
Fertility treatment coverage
401(k) with generous matching
20-week paid parental leave
Life insurance (complimentary)
AD&D insurance (complimentary)
Short-term/long-term disability insurance (complimentary)
Optional buy-up life insurance
Flexible work hours and unlimited paid time off (we encourage 4+ weeks per year)
Annual learning & development stipend
Regular team happy hours and outings
Daily catered lunch and dinner
Travel to domestic conferences
Growth & Insights and Company News
6 month growth
↑ 3%1 year growth
↓ -3%2 year growth
↓ -5%Last year in September, OpenAI launched its most sophisticated model, the o1, which showed enhanced reasoning capabilities and a capacity to solve complex problems in science, coding, and mathematics.
OpenAI's Colin Jarvis to speak at DataFest 2025.
Nvidia teams up with Peking University and Hedra to launch open-source video generation model, Magic 1-For-1.
OpenAI has introduced a major transformation to its AI model training process by prioritizing "intellectual freedom" across all controversial subjects.
Musk is suing OpenAI alleging breach of contract and attempting to thwart its transition to a for-profit structure.
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About OpenAI
Industries
AI & Machine Learning
Company Size
5,001-10,000
Company Stage
Debt Financing
Total Funding
$18.4B
Headquarters
San Francisco, California
Founded
2015
OpenAI is Hiring for 0 Jobs on Simplify!
Find jobs on Simplify and start your career today