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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 CEO Sam Altman has dismissed a $97.4 billion takeover bid led by rival Elon Musk, but the unsolicited offer could complicate Altman's push to transform the maker of ChatGPT into a for ...
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.
OpenAI has raised $6.6 billion in a massive funding round that values the startup at $157 billion, putting it among a tiny club of tech startups pushing private company valuations to stratospheric ...
OpenAI CEO Sam Altman quickly rejected the unsolicited bid on Musk's social platform X, saying, “no thank you but we will buy Twitter for $9.74 billion if you want.” Elon Musk-led group ...
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 ...
The deal will also give the non-profit and related organizations up to $5 million in OpenAI credits for the use of the technology popularized by ChatGPT. The move is part of a broader push by ...