OpenAI

OpenAI

Develops safe and beneficial AI technologies

About OpenAI

Simplify's Rating
Why OpenAI is rated
A
Rated B on Competitive Edge
Rated A on Growth Potential
Rated A+ on Rating Differentiation

Industries

AI & Machine Learning

Company Size

5,001-10,000

Company Stage

Late Stage VC

Total Funding

$63B

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. What sets OpenAI apart from competitors is its capped profit model, which limits how much profit the company can make, ensuring that excess profits are used for social and economic benefits. OpenAI's goal is to ensure that artificial general intelligence (AGI) is developed safely and ethically, serving a diverse clientele that includes businesses, researchers, and developers.

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Funded Recently
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Simplify's Take

What believers are saying

  • Collaboration with iQor expands AI integration in customer experience management.
  • ImageGen API development fosters innovation in image generation technologies.
  • OpenAI Academy's free courses increase AI technology adoption across sectors.

What critics are saying

  • Overinvestment in AI could lead to a tech bubble, stifling innovation.
  • Profitability challenges may cause financial instability despite large funding rounds.
  • AI-powered consumer features may raise privacy concerns and ethical debates.

What makes OpenAI unique

  • OpenAI's capped profit model prioritizes ethical AI development over unlimited profit.
  • Partnerships with universities democratize AI education, increasing technology adoption.
  • OpenAI's PaperBench enhances AI research credibility by benchmarking replication capabilities.

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Funding

Total Funding

$62950M

Above

Industry Average

Funded Over

4 Rounds

Late VC funding comparison data is currently unavailable. We're working to provide this information soon!
Late VC Funding Comparison
Coming Soon

Benefits

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

Headcount

6 month growth

-1%

1 year growth

-5%

2 year growth

-6%
MarTech 360
Apr 7th, 2025
iQor Taps OpenAI to Advance Voice of the Customer Analytics

iQor CXBPO(TM), a global leader in customer experience business process outsourcing, has announced a strategic collaboration with OpenAI to dramatically enhance its industry-leading analytics platform.

Digit Patrox
Apr 6th, 2025
OpenAI tests watermarking for ChatGPT-4o Image Generation model

OpenAI has also confirmed that it's working on an ImageGen API, so developers can build their own products.

Course Joiner
Apr 3rd, 2025
OpenAI Academy: Learn, Grow, and Thrive in the AI Era with FREE Courses & Resources in 2025

OpenAI has partnered with universities like Georgia Tech to create these learning resources.

MarkTechPost
Apr 2nd, 2025
Open AI Releases PaperBench: A Challenging Benchmark for Assessing AI Agents' Abilities to Replicate Cutting-Edge Machine Learning Research

OpenAI has introduced PaperBench, a benchmark designed to evaluate the competence of AI agents in autonomously replicating state-of-the-art machine learning research.

Futurism
Apr 2nd, 2025
Tinder Deploys AI-Powered Singles That Automatically Shoot Down Your Rizzless Attempts at Flirtation

Tinder has teamed up with OpenAI to bring an AI voice-activated flirting game to the dating app.

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