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Amazon Web Service (AWS) has expanded its free credits program for startups to cover the costs of using major AI models, the company told Reuters in an interview, as it looks to boost the market ...
(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 ...
And OpenAI left its door wide open for any future structural changes, saying it’s “learned to think of the mission as a continuous objective rather than just building any single system”
On July 18, 2024, OpenAI released a smaller and cheaper version, GPT-4o mini. [ 18 ] According to OpenAI, its low cost is expected to be particularly useful for companies, startups, and developers that seek to integrate it into their services, which often make a high number of API calls.
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.
OpenAI is considering transitioning from a nonprofit into a for-profit company, and its deep-pocketed benefactor, Microsoft, has a lot to gain if the ChatGPT developer gets the green light.
In 2019, OpenAI transitioned from non-profit to "capped" for-profit, with the profit being capped at 100 times any investment. [36] According to OpenAI, the capped-profit model allows OpenAI Global, LLC to legally attract investment from venture funds and, in addition, to grant employees stakes in the company. [37]
The announcement cited that Altman "was not consistently candid in his communications" in a public announcement on the OpenAI blog. [53] [52] In response, Brockman resigned from his role as President of OpenAI. [54] The day after Altman was removed, The Verge reported that Altman and the board were in talks to bring him back to OpenAI. [55]