The OpenAI Startup Fund is now inviting applications for the second round of its Converge program, promising a $1 million investment to each selected participant.
What Happened: OpenAI, in its press release, has announced that applications are now open for the second cohort of its Converge initiative. The six-week program is targeted at talented researchers, engineers, designers, and product creators who are using AI to reshape the world.
The program will encompass tech talks, office hours, social events, and interactions with top AI practitioners. The participants will also secure a $1 million investment from the OpenAI Startup Fund and become members of its community of builders.
See Also: What Really Happened With Sam Altman Getting Fired As OpenAI CEO? New Details Emerge
Applications are open until Jan. 26, 2024, at 11:59 PM Pacific Time. Founders from diverse backgrounds, disciplines, and levels of experience are urged to apply with a special focus on founders from underrepresented backgrounds and those based outside the United States. Prior experience with AI systems is not a prerequisite.
Why It Matters: The announcement comes barely a month after the fiasco of removing and reinstating Sam Altman as the CEO of OpenAI.
The Converge initiative, with its substantial investment offerings, is designed to foster the development of groundbreaking AI solutions and technologies, further reinforcing OpenAI’s commitment to nurturing a new generation of AI innovators.
In 2023, AI held the spotlight as the trend of the year in the tech industry with OpenAI being a notable contributor.
The company's new conversational AI, ChatGPT, represents a significant step forward from its previous innovations. Besides performing various tasks, it allows continuous conversations with users without logical breaks, setting a record in early February as the fastest-growing consumer app in history, according to UBS Group AG.
Read Next: Google Is Offering A Massive $400 Discount On The Pixel 8 Pro: Here’s What You Need To Know
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