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OpenAI just secured a ton of new cash. Now it needs to wow us
OpenAI may very well be the future of Silicon Valley, the next Google, the Great Disruptor, the Slayer of Late Capitalist Workplace Tedium, etc, etc.
OpenAI secures $4 billion credit line after big funding round
OpenAI has secured a new $4 billion revolving credit line, the ChatGPT maker said on Thursday, a day after it closed a $6.6 billion funding round that cemented its position as one of the most valuable private companies in the world.
OpenAI Closes New Funding Round, Raising $6.6B
OpenAI said it has completed a deal to raise $6.6 billion in new funding, giving the AI company a $157 billion valuation, and bolstering its efforts to build the world's leading generative AI technology.
OpenAI Adds $4 Billion Credit Line on Top of $6.6 Billion Investment Round
The San Francisco company is gathering the billions its executives believe they will need to continue building new A.I. technology.
OpenAI now has a $4 billion credit line on top of $6.6 billion in funding
Keeping ChatGPT running is expensive as heck, so OpenAI needs access to plenty of cash to make sure the lights stay on. A day after the company said it had secured $6.6 billion in funding — the biggest ever funding round for a startup — it confirmed that it has a new $4 billion revolving line of credit.
3h
on MSN
OpenAI is now worth more than 87% of S&P 500 companies. It faces a tough test ahead.
OpenAI just became one of the highest-valued privately held companies with its latest funding round, but it has a lot to live ...
20m
The big winner if OpenAI becomes a for-profit business? Microsoft.
OpenAI is considering transitioning from a nonprofit into a for-profit company, and its deep-pocketed benefactor, Microsoft, ...
5h
on MSN
There are 3 signs that generative AI might be reaching peak market froth — and it's not just OpenAI
Signs that the AI frenzy is getting frothy have emerged in recent weeks across different segments such as chips, AI models ...
20h
on MSN
OpenAI secured more billions, but there’s still capital left for other startups
Welcome to Startups Weekly — your weekly recap of everything you can’t miss from the world of startups. Want it in your inbox ...
15h
on MSN
What the Heck Is Going On At OpenAI?
As executives flee with warnings of danger, the company says it will plow ahead. Nothing succeeds like success, but in ...
1d
on MSN
There's a catch in OpenAI's $6.6 billion funding deal that no one is talking about
OpenAI reportedly has to become a for-profit entity in two years or give back investor money from its funding round. It could ...
21h
on MSN
OpenAI unveils major ChatGPT redesign with new ‘Canvas’ interface for writers and coders
On Thursday, OpenAI announced a beta "canvas" feature for writing and coding. Canvas is different from the traditional ...
17h
OpenAI Fast-Tracks AI Agents. How Do We Balance Benefits With Risks?
OpenAI raised $6.6 billion at $157 billion value. Sam Altman forecasts that AI agents will take the main stage in 2025. What ...
22h
Khosla Says OpenAI’s Team Is Strong, Despite Departures
Artificial intelligence startup OpenAI has a strong, very technical team in place despite the number of recent departures, ...
23h
OpenAI’s Canvas can translate code between languages with a click
Unlike Anthropic's Artifacts, the Canvas interface includes a novel menu of shortcuts for common tasks such as finalizing a ...
22h
Elon Musk Touted xAI As The Anti-OpenAI At A Recruiting Event
The location was apt: The Pioneer Building in the city’s Mission district, a 122-year-old former truck factory, and most ...
Analytics India Magazine
5h
OpenAI has all the Strawberries in the World, but No Apple
Apple’s decision to back out of OpenAI’s monstrous $6.6 billion funding last minute involves more than what meets the eye.
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Elon Musk
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