• Investing
  • Stock
  • Editor’s Pick
  • Economy
The Significant Deals
Editor's Pick

Former OpenAI technology chief Mira Murati to raise capital for new AI startup, sources say

by October 18, 2024
written by October 18, 2024

By Anna Tong and Krystal Hu

Mira Murati, former chief technology officer at OpenAI, is raising funds from venture capitalists for her new AI startup, according to sources familiar with the matter.

The new company aims to build AI products based on proprietary models, said one of the sources who requested anonymity to discuss private matters. It is not clear if Murati will assume the CEO role at the new venture.

A representative for Murati declined to comment.

While the talks are in the early stages, Murati’s new venture could raise over $100 million given her reputation and the capital needed to train proprietary models, one of the sources said, cautioning that the figures have not been finalized.

Barret Zoph, a prominent researcher who left OpenAI on the same day as Murati in late September, could also get involved in the new venture, the sources added. Zoph did not respond to requests for comment.

The Information previously reported that Zoph is planning a new startup and that Murati has been recruiting OpenAI employees to join her new venture.

Murati at OpenAI spent over six years spearheading transformative projects like ChatGPT and DALL-E. She was a key figure in OpenAI’s multibillion-dollar partnership with Microsoft (NASDAQ:MSFT), its largest financial backer.

Murati’s meteoric rise at OpenAI has cemented her name as one of the most prominent executives in the fledgling field of artificial intelligence.

Murati joined OpenAI in June 2018 and was promoted to CTO in May 2022, according to her LinkedIn profile. Prior to OpenAI, she worked at augmented reality startup Leap Motion and Tesla (NASDAQ:TSLA).

She frequently appeared alongside OpenAI CEO Sam Altman as the public face of the ChatGPT maker. When OpenAI in May launched its GPT-4o model, which is capable of having realistic voice conversations, Murati led the presentation.

Her abrupt resignation in late September marked the latest high-profile exit from the ChatGPT maker as the company undergoes major governance structure changes, including removing the control of the non-profit board. Murati, who briefly served as interim CEO last year when Altman was ousted by the non-profit board, cited a desire for personal exploration for her departure. 

Murati joins a growing list of former OpenAI executives launching startups, including rivals such as Anthropic and Safe Superintelligence.

This post appeared first on investing.com
0 comment
0
FacebookTwitterPinterestEmail

previous post
Striking union in active ‘indirect discussions’ with Boeing to try to reach deal
next post
Mexico stocks higher at close of trade; S&P/BMV IPC up 1.07%

You may also like

China central bank conducts 1.7 trln yuan of...

January 27, 2025

Fuji Media, rocked by sexual misconduct allegations, says...

January 27, 2025

ECB president fears loss of central bank independence

January 27, 2025

European tech shares tumble as China’s AI push...

January 27, 2025

Futures slip as investors eye China’s latest AI...

January 27, 2025

Markets may be repeating the mistake of 2019,...

January 27, 2025

How billionaire Caltagirone could influence Italy’s banking M&A...

January 27, 2025

How Italy’s MPS went from near collapse to...

January 27, 2025

Analysis-To weather Trump, emerging market investors look to...

January 27, 2025

Chinese AI startup DeepSeek overtakes ChatGPT on Apple...

January 27, 2025
Fill Out & Get More Relevant News








    Stay ahead of the market and unlock exclusive trading insights & timely news. We value your privacy - your information is secure, and you can unsubscribe anytime. Gain an edge with hand-picked trading opportunities, stay informed with market-moving updates, and learn from expert tips & strategies.

    Recent Posts

    • Musk threatens ‘immediate’ legal action against Apple over alleged antitrust violations

      August 13, 2025
    • ESPN, Fox to bundle upcoming streaming services for $39.99 a month

      August 12, 2025
    • What Trump’s Nvidia and AMD China deal means for the world

      August 12, 2025
    • A top Federal Reserve official says bleak jobs data backs the case for 3 rate cuts

      August 11, 2025

    Categories

    • Economy (245)
    • Editor's Pick (3,646)
    • Investing (596)
    • Stock (6,426)

    Latest News

    • Musk threatens ‘immediate’ legal action against Apple over alleged antitrust violations
    • ESPN, Fox to bundle upcoming streaming services for $39.99 a month

    Popular News

    • Bank of Nova Scotia approved by fed to acquire up to 15% of KeyCorp shares
    • Earnings call: CareTrust REIT reports strong Q3 growth and acquisitions

    About The Significant deals

    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 thesignificantdeals.com | All Rights Reserved

    The Significant Deals
    • Investing
    • Stock
    • Editor’s Pick
    • Economy