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(Reuters) -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 ...
Instead, most of the money was allocated as credits for OpenAI to purchase computing power from Microsoft's cloud services. In the age of AI, cloud computing credits have become currency.
OpenAI, which last year secured $10 billion, is said to be in talks to raise additional billions. Its rush for new capital is a sign that the AI race will be survival of the richest for startups.
The Wall Street Journal reported earlier on Thursday that OpenAI was in talks with SoftBank for an investment round to raise nearly $40 billion that would value the AI startup at up to $340 billion.
With the funding, OpenAI cements its status as one of the most valuable startups in the world, trailing TikTok owner ByteDance, valued at $225 billion, and Elon Musk’s $200 billion space ...
A few days later OpenAI executives, including Altman, dismissed these claims in a blog post. [92] The post said that the startup received only $45 million from Musk instead of his commitment of $1 billion and that Musk proposed to merge it with Tesla. [93]
The creator of ChatGPT, OpenAI, is teaming up with another US tech giant, a Japanese investment firm and an Emirati sovereign wealth fund to build $500bn (£405bn) of artificial intelligence (AI ...
OpenAI is seeking to reach 1 billion users by next year, a new report said. ... told the Financial Times that the nine-year-old startup was planning to invest in "clusters of data centers in parts ...