AI startups attracted one out of every three dollars invested last year in the United States, as OpenAI’s ChatGPT grabbed the spotlight and startups raced to develop AI technology.
The launch of OpenAI’s ChatGPT in late 2022 brought attention to generative AI technologies, spurring billions in investments on chips and servers required to support the adoption of such applications.
Some of OpenAI’s investors excluding Microsoft, which is its largest, include Khosla Ventures, Thrive Capital, Andreessen Horowitz and Sequoia Capital.
OpenAI completed a deal to sell existing shares in a tender offer that valued the artificial intelligence company at US$80 billion or more, the New York Times reported last month, citing people with knowledge of the deal.
Temasek is an active investor in the tech sector with a portfolio valued at S$382 billion (US$284.21 billion), as of Mar 31. Some of the companies in the portfolio include Roblox, Tencent and Alibaba.
