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OpenAI just secured a ton of new cash. Now it needs to wow us
OpenAI may very well be the future of Silicon Valley, the next Google, the Great Disruptor, the Slayer of Late Capitalist Workplace Tedium, etc, etc.
OpenAI secures $4 billion credit line after big funding round
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 most valuable private companies in the world.
OpenAI Closes New Funding Round, Raising $6.6B
OpenAI said it has completed a deal to raise $6.6 billion in new funding, giving the AI company a $157 billion valuation, and bolstering its efforts to build the world's leading generative AI technology.
OpenAI Adds $4 Billion Credit Line on Top of $6.6 Billion Investment Round
The San Francisco company is gathering the billions its executives believe they will need to continue building new A.I. technology.
OpenAI now has a $4 billion credit line on top of $6.6 billion in funding
Keeping ChatGPT running is expensive as heck, so OpenAI needs access to plenty of cash to make sure the lights stay on. A day after the company said it had secured $6.6 billion in funding — the biggest ever funding round for a startup — it confirmed that it has a new $4 billion revolving line of credit.
7h
on MSN
There are 3 signs that generative AI might be reaching peak market froth — and it's not just OpenAI
Signs that the AI frenzy is getting frothy have emerged in recent weeks across different segments such as chips, AI models ...
5h
on MSN
OpenAI is now worth more than 87% of S&P 500 companies. It faces a tough test ahead.
OpenAI just became one of the highest-valued privately held companies with its latest funding round, but it has a lot to live ...
2h
The big winner if OpenAI becomes a for-profit business? Microsoft.
OpenAI is considering transitioning from a nonprofit into a for-profit company, and its deep-pocketed benefactor, Microsoft, ...
1d
on MSN
There's a catch in OpenAI's $6.6 billion funding deal that no one is talking about
OpenAI reportedly has to become a for-profit entity in two years or give back investor money from its funding round. It could ...
19h
OpenAI Fast-Tracks AI Agents. How Do We Balance Benefits With Risks?
OpenAI announced innovations that bring AI agents closer to reality. CEO Sam Altman predicts we’ll use them daily by 2025.
17h
on MSN
What the Heck Is Going On At OpenAI?
As executives flee with warnings of danger, the company says it will plow ahead. Nothing succeeds like success, but in ...
1d
OpenAI’s Canvas can translate code between languages with a click
Unlike Anthropic's Artifacts, the Canvas interface includes a novel menu of shortcuts for common tasks such as finalizing a ...
1d
Elon Musk Touted xAI As The Anti-OpenAI At A Recruiting Event
The location was apt: The Pioneer Building in the city’s Mission district, a 122-year-old former truck factory, and most ...
1d
on MSN
OpenAI unveils major ChatGPT redesign with new ‘Canvas’ interface for writers and coders
On Thursday, OpenAI announced a beta "canvas" feature for writing and coding. Canvas is different from the traditional ...
2d
OpenAI’s Altman Concentrates Power on Path to $157 Billion Valuation
The wide-ranging leadership transformation extends to the company’s board, too. All but one of the previous directors – Adam ...
19h
Meta brags that its latest AI video tool outperforms rivals like OpenAI
Meta released Movie Gen on Friday. It generates AI videos and sound using text prompts. It's Meta's latest volley in its ...
Analytics India Magazine
7h
OpenAI has all the Strawberries in the World, but No Apple
Apple’s decision to back out of OpenAI’s monstrous $6.6 billion funding last minute involves more than what meets the eye.
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Elon Musk
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