Yes. OpenAI has raised $1bn (plus $10bn from MSFT to exchange GPT access for Azure services) and has been going 8 years. There are some huge challenges to making it work well and fast. You need money for opex (hiring GPUs to train models on mostly) and talent (people to improve the tech). No one is competing with OpenAI without a good chunk of cash in the bank.
Yes. OpenAI has raised $1bn (plus $10bn from MSFT to exchange GPT access for Azure services) and has been going 8 years. There are some huge challenges to making it work well and fast. You need money for opex (hiring GPUs to train models on mostly) and talent (people to improve the tech). No one is competing with OpenAI without a good chunk of cash in the bank.