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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 ...
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 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 ...
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, 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.
On March 8, 2024, OpenAI announced that Altman would rejoin the board of directors after a review by law firm WilmerHale. [ 60 ] In May 2024, after OpenAI's non-disparagement agreements were exposed, Altman was accused of lying when claiming to have been unaware of the equity cancellation provision for departing employees that don't sign the ...
OpenAI, which Musk co-founded with CEO Sam Altman and 9 other people in 2015, said on Wednesday that it completed a record funding round of $6.6 billion at a $157 billion valuation, making it the ...
OpenAI is seeking to reach 1 billion users by next year, a new report said. ... In 2025, the startup behind ChatGPT hopes to reach user numbers surpassed only by a handful of technology platforms, ...