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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 ...
Elon Musk sets May 10 deadline for $97.4 billion ‘all cash’ OpenAI bid, requests access to company records — letter of intent. Jessica Mathews. Updated February 12, 2025 at 4:55 PM.
OpenAI has promised to complete the subsidiary’s transition into a traditional for-profit company by late 2026 as part of a funding round in October that valued the company at $157 billion. This ...
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 ...
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]
OpenAI just secured $6.6 billion in its latest funding round. The company asked investors not to back its rivals like Elon Musk's xAI, per Reuters. Musk, who is in an ongoing feud with OpenAI ...
In January 2023, just a few months after the November 2022 release of ChatGPT-3, Microsoft made a massive $10 billion investment into OpenAI that valued the startup at $86 billion.