Expert Chaslau Koniukh
  • Companies
  • Global investment
  • Investors
  • Terminology
  • Economy
  • Stock Market
  • World exchanges
  • Tech and Marketing
OpenAI
Companies and corporations

OpenAI: from startup to leader in artificial intelligence

25.06.2025
2 min read

How OpenAI transformed from a non-profit project to a technology giant

OpenAI is now best known for its flagship product, ChatGPT. However, the company’s scope of activity is much broader. Its mission is to create safe and useful artificial intelligence to make people’s daily lives easier.
OpenAI’s story began in San Francisco in 2015. A group of leading programmers came together to develop artificial general intelligence (AGI). Their goal was to develop a universal AI system that could operate in various fields while meeting stringent security standards. Thus, OpenAI — a non-profit organisation focused on creating advanced AI solutions — came into being.
The startup was founded by a team of developers. Each of them had by then become a prominent figure in the technology sector. Key figures include Sam Altman, Ilya Sutskever, Elon Musk and Pamela Vagata, among others. What they all had in common was a shared vision. Initially, the team hoped to raise one billion dollars in investment. However, by 2019, the total investment had reached only US$130 million. Despite this, OpenAI continued to develop actively.OpenAI ChatGPT

The startup’s success

In 2016, OpenAI introduced the beta version of OpenAI Gym, a platform for training models. Thanks to Nvidia’s DGX-1 supercomputer, operations were significantly accelerated. Where previously it took six days to train a model, the time is now down to two hours. Also in 2016, OpenAI introduced Universe, a platform for testing AI in applications, games, and websites. These developments brought the company closer to creating universal artificial intelligence.
A number of significant events then took place within the company:
1. Elon Musk left the project in 2018. The official reason was his focus on AI development at Tesla. This created a conflict of interest.
2. The GPT-2 model came out in 2019. It could generate text that closely resembled human writing.
3. OpenAI then transformed from a non-profit organisation into a limited-profit organisation. This allowed it to receive funding from venture capital funds.
4. The company became a Microsoft partner and received a billion dollars from the corporation.
5. In 2020, OpenAI introduced the GPT-3 model trained on large-scale open data sets.
6. The first commercial product was the API.
2022 was a turning point in the history of the company. OpenAI then presented ChatGPT, a chatbot based on the generative AI model GPT-3.5. This product gained widespread popularity due to its high availability and free format. In just five days, the platform had more than a million users.
A new stage of OpenAI development began in 2025. The company signed a deal with the cloud service provider CoreWeave worth nearly US$12 billion.

Tags: Companies and corporations
0
Previous Post How to use the Spinning top candlestick pattern to study market trends Next Post Pansy Ho: one of Hong Kong's richest women

You Might Also Like

ICBC bank
Companies and corporations
Chinese ICBC bank: the field of activity of the financial conglomerate
17.09.2020
Pixar story of animation studio
Companies and corporations
Pixar Animation Studios: how the dream of two geniuses came true
18.03.2024
Versace fashion house
Companies and corporations
Versace: the history of the ups and downs of the fashion house
27.10.2022
Lenovo Group
Companies and corporations
Lenovo Group: the history of the famous electronics brand
20.05.2022
Luxottica
Companies and corporations
History of Luxottica, owner of the Ray-Ban brand
30.04.2023
Maersk history
Companies and corporations
Transnational company Maersk: history of development
09.08.2024

Popular Posts

  • Ingeborg Mootz: a woman who became a stock player at the age of 75
  • Li Ka Shing: How can success be achieved without money and education?
  • Skolkovo analysts: the Russian energy market is suffering losses
  • Businessman Chuck Feeney: the man who gave the world Duty Free

Editor's Picks

Chaslau Koniukh
Analytics

American bankers from JPMorgan and Goldman Sachs advise to invest in gold: review by Chaslau Koniukh.

Press Secretary
17.08.2020
Expert Chaslau Koniukh
Analytics

Chaslau Koniukh on the analysts’ opinion on the key stake size change soon

Press Secretary
18.06.2020
expert Chaslau Koniukh
Analytics

Chaslau Koniukh: Internet trade market in Russia may reach 2.78 trillion rubles.

Press Secretary
30.05.2020
Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh
Analytics

Will the U.S. oil shale industry be able to quickly recover from the crisis: A Review by Chaslau Koniukh

Press Secretary
16.05.2020

Popular Posts

  • Ingeborg Mootz: a woman who became a stock player at the age of 75
  • Spain’s economy performs best in the EU
  • Li Ka Shing: How can success be achieved without money and education?
  • Skolkovo analysts: the Russian energy market is suffering losses
  • Businessman Chuck Feeney: the man who gave the world Duty Free
Expert Chaslau Koniukh
  • Facebook
  • Twitter
  • Instagram

© 2024 CHASLAU KONIUKH. ALL RIGHTS RESERVED. Expert in marketing and project management, international investments, financial analyst.

Menu

  • Biography
  • Companies and corporations
  • Global investment
  • Investors and Entrepreneurs
  • Economy
  • Market terminology
  • Stock Market
  • World exchanges
  • Tech and Marketing
  • Analytics