Last month, OpenAI raised $300m. Credit: Jonathan Kemper on Unsplash.

OpenAI, the creator of ChatGPT, is planning to launch a new open-source language model, reported The Information, citing a source.

The development comes as companies race to develop open-source alternatives to ChatGPT.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Earlier this year, Facebook owner Meta publicly released a large language model (LLM) for researchers.

Open-source engineers and researchers can also use the technology offered by the likes of Databricks, Stability AI and German, not-for-profit entity Laion.

Microsoft-backed OpenAI has not released open-source models since 2019.

However, given how capable Meta’s models are, it could push Google and OpenAI to release more powerful software publicly.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

As per the report, it is unlikely that OpenAI will release a model that is better than the proprietary model that it is selling.

Last month, it was reported that OpenAI raised $300m in funding at a valuation between $27bn and $29bn.

Tiger Global, Sequoia Capital, Andreessen Horowitz, Thrive, K2 Global and Founders Fund participated in the funding round.

The investment was different from Microsoft’s nearly $10bn capital infusion in OpenAI in January this year.

The company plans to integrate OpenAI’s technology across several of its business units joining rivals including Meta and Google.

Last week, Meta said that it is testing new tools that will offer generative AI capabilities to advertisers.

Meta’s news came a day after Google announced that it is integrating AI into search, email and other services.

At its 2023 annual developer conference, Google also announced its next-generation LLM, called PaLM 2.