Oct 2 (Reuters) - As global investors such as Thrive
Capital and Tiger Global invest $6.6 billion in OpenAI, the
ChatGPT-maker sought a commitment beyond just capital - they
also wanted investors to refrain from funding five companies
they perceive as close competitors, sources told Reuters.
The list of companies includes rivals developing large language
models such as Anthropic and Elon Musk's xAI. OpenAI's
co-founder Ilya Sutskever's new company, Safe Superintelligence
(SSI), is also on the list. These companies are racing against
OpenAI to build large language models, which requires billions
in funding.
Two AI applications firms, including AI search startup
Perplexity and enterprise search firm Glean, were also named in
OpenAI's conversation with investors, suggesting OpenAI plans to
sell more of its tools to enterprises and end users as it makes
ambitious revenue growth projection to $11.6 billion in 2025
from $3.7 billion this year.
OpenAI, Perplexity and SSI declined to comment. Anthropic
and Glean did not immediately respond. XAI could not be reached
for a comment.
The request, while not legally binding, demonstrates how
OpenAI is leveraging its appeal to secure exclusive commitments
from its financial backers in a competitive field where access
to capital is crucial.
While such expectations are not uncommon in the venture
capital world, it's unusual to make a list like OpenAI has. Most
venture investors generally refrain from investing in direct
competitors of their portfolio companies to avoid reputational
risks.
However, this line has been blurred for late-stage investors
who tend to spread their bets, such as SoftBank and
Fidelity, which has invested in both xAI and OpenAI.
While OpenAI's request does not apply to its past investors and
the investments they have already made, it could have
implications for OpenAI investors and the five competitors in
their future fundraising efforts.
The Financial Times and Wall Street Journal first reported
some of the companies on the list.