MicrosoftOpenAI is an artificial intelligence laboratory that has been backed by the CIA. Alphabet’sDeepMind is available in English MetaAI says that it has received $250 million in investment.

OpenAI co-founder Sam Altman and CEO announced the series A financing round via Twitter, late Wednesday, but did not disclose the valuation nor the names of the investors.

“After our pre-friends-and-family round in 2016, our F&F round in 2017, our angel round in 2018, our pre-seed round in 2019, our seed round in 2020, and our seed extension in 2021, we’re delighted to share we’ve raised a Series A of $250 million,” Altman wrote.

OpenAI, ranked by AI researchersCNBC reached out to the lab, which is one of the three most prestigious AI laboratories in the world, but they did not respond immediately.

OpenAI was founded in San Francisco, California in 2015. It claims it is working to create safe and friendly AI systems.

The company’s founders — Altman, Tesla CEO Elon Musk, Greg Brockman, Ilya Sutskever, Wojciech Zaremba and John Schulman — pledged to invest over $1 billion into the venture when they set it up. Musk was forced to resign from the board but remains a donor.

For July 2019, Microsoft backed OpenAI with $1 billion. Microsoft was made the sole provider of OpenAI cloud computing services by this acquisition.

OpenAI created game-playing AI software which can outperform humans in video games games like Dota 2. But, the AI has received greater press attention. text generator GPT-3 and its quirky AI image generator Dall-E.

Altman is convinced that AI still has much to learn. He is right. expects AI to generate enough wealthIn 10 years, every adult living in America would be able to afford $13,500 per annum.

Altman, who was the ex-president of Y-Combinator’s renowned accelerator, wrote last year in a blog that “My work with OpenAI reminds” him every day of how significant the socioeconomic changes are. Software that thinks and can learn will be able to do more work than people do now.