OpenAI’s $29 Billion Valuation Serves as a Preview of AI’s Promise and Uncertainty

After investing $1 billion in OpenAI in 2019, Microsoft didn’t turn many heads, as the tech startup boom was in full-force and artificial intelligence (AI) was but one of many markets seen with significant potential. Now, the budding technology is hotter than ever, with generative AI — which creates text, audio, and visual responses from simple prompts — garnering the bulk of the attention. And at the forefront of the craze is OpenAI, arguably the hottest company in 2023 thus far.
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In November of 2022, OpenAI launched ChatGPT, a chatbot that …
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