Huge OpenAI funding round hinges on shedding nonprofit status
The ChatGPT maker is raising $40 billion, but it won’t get all of that money unless it transitions into a for-profit company.
OpenAI to raise $40 billion to boost AI efforts
OpenAI said on Monday it would raise $40 billion in a new funding round led by SoftBank Group at a $300 billion valuation to ...
OpenAI Completes Deal That Values Company at $300 Billion
The start-up’s valuation, which has nearly doubled in six months, shows continued enthusiasm for A.I. among investors.
Sam Altman says OpenAI will roll out its first open-weight AI model in years
OpenAI announced on Monday that it raised $40 billion in its latest funding round and was now valued at $300 billion.
OpenAI funding round could be cut by $10 billion if for-profit conversion doesn't occur by year-end
The provision ramps up the pressure on OpenAI to convert into a for-profit entity, a plan that will need the blessing of ...
EconoTimes22m
OpenAI Secures $40B from SoftBank, Reaches $300B Valuation Amid AI Boom
OpenAI announced Monday it has raised $40 billion in a funding round led by Japans SoftBank Group Corp. (TYO:9984), pushing ...
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The Financial Express32m
OpenAI to raise $40 billion in SoftBank-led funding; deal to place company among world’s most valuable pvt firms
However, the funding round could be reportedly reduced by up to $10 billion if the company fails to transition into a ...
OpenAI raises $40B at $300B post-money valuation
OpenAI recently announced that it closed one of the largest private funding rounds in history, led by SoftBank.
RTHK News6m
OpenAI to raise US$40 billion in new funding
OpenAI on Monday said it raised US$40 billion in a new funding round that valued the ChatGPT maker at US$300 billion, the ...