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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 ...
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 ...
OpenAI has unveiled a preview of its new o3 reasoning models, which, CEO Sam Altman said immodestly, begin the “next phase” of AI. The models, announced Friday, did so well on a prominent ...
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]
[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 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.
In 2020, OpenAI announced GPT-3, a language model trained on large internet datasets. GPT-3 is aimed at natural language answering questions, but it can also translate between languages and coherently generate improvised text. It also announced that an associated API, named simply "the API", would form the heart of its first commercial product ...
(Reuters) -Robotics startup Figure said on Thursday it raised $675 million in a funding round from investors including Nvidia, Microsoft and Amazon.com founder Jeff Bezos at a valuation of $2.6 ...