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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 ...
A few months back on the 20VC podcast, OpenAI CEO Sam Altman said his company will steamroll any startup or product trying to build in and around their blast radius.
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. Meanwhile ...
OpenAI o3 is a reflective generative pre-trained transformer (GPT) model developed by OpenAI as a successor to OpenAI o1. It is designed to devote additional deliberation time when addressing questions that require step-by-step logical reasoning. [1] [2] OpenAI released a smaller model, o3-mini, on January 31st, 2025. [3]
The unsolicited $97 billion bid for OpenAI is, like so much Musk maneuvering, almost certainly a stunt. Sure, he’d love to own the technology behind ChatGPT, and Musk claims to be putting up ...
OpenAI has changed the governance structure of its venture capital fund that backs AI startups, so its high profile chief executive Sam Altman no longer owns or controls the fund, according to a ...
[3] [4] [5] He dropped out of Stanford University after two years and founded Loopt, a mobile social networking service, raising more than $30 million in venture capital. In 2011, Altman joined Y Combinator, a startup accelerator, and was its president from 2014 to 2019. [6] Altman's net worth was estimated at $1.2 billion in February 2025. [7]
In December 2015, Musk co-founded OpenAI, a not-for-profit artificial intelligence (AI) research company aiming to develop artificial general intelligence, intended to be safe and beneficial to humanity. [205] Musk pledged $1 billion of funding to the company, [206] but only donated $50 million. [207] In 2018, Musk left the OpenAI board. [208]