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OpenAI Seeking $40 Billion In New Fundraising Round: Report
OpenAI, the maker of ChatGPT, is seeking to raise $40 billion in a fresh round of funding that would value the startup at a staggering $340 billion, the Wall Street Journal Reported on Thursday.
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SoftBank Said to Be in Talks to Invest Up to $25 Billion Into OpenAI
SoftBank could invest $15 billion (roughly Rs. 1,29,880 crore) to $25 billion (roughly Rs. 2,16,450 crore) directly into Microsoft-backed OpenAI, some of which may be used to pay for OpenAI's commitment to Stargate, a person familiar with the matter has said.
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Amazon-Backed Anthropic To Raise $2 Billion At $60 Billion Evaluation
The new funding, $6 billion in total, will mark a jump in valuation (up from $18 Billion last year) for Anthropic, a major competitor of OpenAI in the foundation model space.
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Explainer-Why OpenAI Plans Transition To Public Benefit Corporation
OpenAI's new structure aims to potentially make a more investor-friendly corporation, while maintaining a mission of funding a related charity.
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Elon Musk's xAI Aims For $40 Billion Valuation As Grok Challenges ChatGPT
Elon Musk's AI startup xAI is in talks with investors for a funding round that would value the company at around $40 billion, the Wall Street Journal reported on Tuesday, citing people familiar with the matter.
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Microsoft, OpenAI Are Spending Millions on News Outlets to Let Them Try Out AI Tools
Microsoft and OpenAI, in collaboration with the Lenfest Institute for Journalism, announced an AI Collaborative and Fellowship programme on Tuesday. With this programme, the two tech giants will spend upwards of $10 million (roughly Rs. 84.07 crores) in direct funding as well as enterprise credits to use proprietary software. The companies highligh...
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Former OpenAI CTO Mira Murati Said to Be Raising Capital for New AI Startup
Mira Murati is said to be raising funds from venture capitalists for a new AI startup. The former OpenAI CTO, who spent over six years spearheading transformative projects like ChatGPT and DALL-E, is looking to build AI products based on proprietary models. It is not clear if Murati will assume the CEO role at the new venture.
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Microsoft's Vice President of Generative AI Research to Join OpenAI
Microsoft's vice president of GenAI research, Sebastien Bubeck is joining OpenAI. The development follows a series of departures from OpenAI, including that of longtime chief technology officer Mira Murati in September.
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OpenAI Raises $6.6 Billion In Funds At $157 Billion Value
In a statement, the company said it would use the cash influx to drive forward AI research and increase its computing capacity.
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SoftBank to Invest $500 Million in OpenAI: Report
OpenAI's latest funding round has attracted Japanese telecom company SoftBank's Vision Fund, that will invest $500 million (roughly Rs. 4,190 crore) in the AI firm. The deal represents SoftBank's first investment in the Sam Altman-led firm.
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Apple Drops Out of Talks to Join OpenAI Investment Round: Report
Apple has left negotiations to participate in an OpenAI funding round. The tech giant recently fell out of the talks for the round, set to close next week, the Wall Street Journal reported citing sources familiar with the matter.
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OpenAI Sees $11.6 Billion Revenue Next Year, Said to Offer Thrive Chance to Invest Again in 2025
OpenAI is said to predict that its revenue will skyrocket to $11.6 billion in 2025, up from an estimated $3.7 billion this year. The AI firm is also said to offer Thrive Capital the opportunity to invest another $1 billion next year at the same valuation if OpenAI hits a revenue goal.
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OpenAI's Technology Chief Mira Murati, Two Other Research Executives to Leave Company
Three top technical leaders at Microsoft-backed OpenAI quit on Wednesday. Chief Technology Officer Mira Murati, VP Research Barret Zoph and Chief Research Officer Bob McGrew all announced their departures via X on Wednesday afternoon.
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OpenAI Fundraising Set to Boost Startup’s Valuation to $150 Billion
OpenAI is in talks to raise $6.5 billion (roughly Rs. 54,587 crore) from investors at a valuation of $150 billion (roughly Rs. 12,59,714 crore). The funding round is slated to be led by Thrive Capital, Bloomberg previously reported.
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OpenAI Co-Founder Raises $1 Billion for Safety-Focussed AI Startup SSI
The SSI, which currently has 10 employees, plans to use the funds to acquire computing power and hire top talent. It will focus on building a small highly trusted team of researchers and engineers split between Palo Alto, California and Tel Aviv, Israel.
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OpenAI Seeking $40 Billion In New Fundraising Round: Report
OpenAI, the maker of ChatGPT, is seeking to raise $40 billion in a fresh round of funding that would value the startup at a staggering $340 billion, the Wall Street Journal Reported on Thursday.
-
SoftBank Said to Be in Talks to Invest Up to $25 Billion Into OpenAI
SoftBank could invest $15 billion (roughly Rs. 1,29,880 crore) to $25 billion (roughly Rs. 2,16,450 crore) directly into Microsoft-backed OpenAI, some of which may be used to pay for OpenAI's commitment to Stargate, a person familiar with the matter has said.
-
Amazon-Backed Anthropic To Raise $2 Billion At $60 Billion Evaluation
The new funding, $6 billion in total, will mark a jump in valuation (up from $18 Billion last year) for Anthropic, a major competitor of OpenAI in the foundation model space.
-
Explainer-Why OpenAI Plans Transition To Public Benefit Corporation
OpenAI's new structure aims to potentially make a more investor-friendly corporation, while maintaining a mission of funding a related charity.
-
Elon Musk's xAI Aims For $40 Billion Valuation As Grok Challenges ChatGPT
Elon Musk's AI startup xAI is in talks with investors for a funding round that would value the company at around $40 billion, the Wall Street Journal reported on Tuesday, citing people familiar with the matter.
-
Microsoft, OpenAI Are Spending Millions on News Outlets to Let Them Try Out AI Tools
Microsoft and OpenAI, in collaboration with the Lenfest Institute for Journalism, announced an AI Collaborative and Fellowship programme on Tuesday. With this programme, the two tech giants will spend upwards of $10 million (roughly Rs. 84.07 crores) in direct funding as well as enterprise credits to use proprietary software. The companies highligh...
-
Former OpenAI CTO Mira Murati Said to Be Raising Capital for New AI Startup
Mira Murati is said to be raising funds from venture capitalists for a new AI startup. The former OpenAI CTO, who spent over six years spearheading transformative projects like ChatGPT and DALL-E, is looking to build AI products based on proprietary models. It is not clear if Murati will assume the CEO role at the new venture.
-
Microsoft's Vice President of Generative AI Research to Join OpenAI
Microsoft's vice president of GenAI research, Sebastien Bubeck is joining OpenAI. The development follows a series of departures from OpenAI, including that of longtime chief technology officer Mira Murati in September.
-
OpenAI Raises $6.6 Billion In Funds At $157 Billion Value
In a statement, the company said it would use the cash influx to drive forward AI research and increase its computing capacity.
-
SoftBank to Invest $500 Million in OpenAI: Report
OpenAI's latest funding round has attracted Japanese telecom company SoftBank's Vision Fund, that will invest $500 million (roughly Rs. 4,190 crore) in the AI firm. The deal represents SoftBank's first investment in the Sam Altman-led firm.
-
Apple Drops Out of Talks to Join OpenAI Investment Round: Report
Apple has left negotiations to participate in an OpenAI funding round. The tech giant recently fell out of the talks for the round, set to close next week, the Wall Street Journal reported citing sources familiar with the matter.
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OpenAI Sees $11.6 Billion Revenue Next Year, Said to Offer Thrive Chance to Invest Again in 2025
OpenAI is said to predict that its revenue will skyrocket to $11.6 billion in 2025, up from an estimated $3.7 billion this year. The AI firm is also said to offer Thrive Capital the opportunity to invest another $1 billion next year at the same valuation if OpenAI hits a revenue goal.
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OpenAI's Technology Chief Mira Murati, Two Other Research Executives to Leave Company
Three top technical leaders at Microsoft-backed OpenAI quit on Wednesday. Chief Technology Officer Mira Murati, VP Research Barret Zoph and Chief Research Officer Bob McGrew all announced their departures via X on Wednesday afternoon.
-
OpenAI Fundraising Set to Boost Startup’s Valuation to $150 Billion
OpenAI is in talks to raise $6.5 billion (roughly Rs. 54,587 crore) from investors at a valuation of $150 billion (roughly Rs. 12,59,714 crore). The funding round is slated to be led by Thrive Capital, Bloomberg previously reported.
-
OpenAI Co-Founder Raises $1 Billion for Safety-Focussed AI Startup SSI
The SSI, which currently has 10 employees, plans to use the funds to acquire computing power and hire top talent. It will focus on building a small highly trusted team of researchers and engineers split between Palo Alto, California and Tel Aviv, Israel.
