OpenAI also secured a massive credit line
In addition to OpenAI’s new $6.6 billion megaround of funding at a post-money valuation of $157 billion, the outfit has secured a $4 billion revolving
OpenAI Gets $4 Billion in Credit on Top of $6.6 Billion Fundraise
OpenAI has tapped global banks for a $4 billion revolving line of credit on top of its recent $6.6 billion fundraising, building a massive war chest to stay ahead in the costly race to develop more sophisticated artificial intelligence.
OpenAI's latest funding round could be a bargain or a bust for investors
If OpenAI were to IPO tomorrow at its $157 billion valuation, it would be the second-largest American IPO by initial valuation.
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.
OpenAI has secured a $157 billion valuation. Now comes the hard part.
The ChatGPT maker has secured $6.6 billion in funding, but it still has to overcome challenges around the hight costs of developing smarter AI models.
OpenAI Secures US$6.6 Billion in Funding
OpenAI, the company behind ChatGPT, has raised $6.6 billion in its latest funding round, attracting investments from prominent players such as Microsoft, Nvidia, and Abu Dhabi's state-backed firm MGX.
OpenAI secures more than $6 billion from investors
OpenAI raised more than $6 billion in its latest funding round. Even though OpenAI’s popular products aren’t turning a profit, it doesn’t mean that they’re not a hit with
OpenAI Secures $6.6 Billlion In New Funding At $157 Billion Valuation
OpenAI did not name the investors, but reports said that the funding round was led by New York-based venture capital firm Thrive Capital, including the company's biggest backer Microsoft and new participants,
A co-lead on Sora, OpenAI’s video generator, has left for Google
A co-lead on OpenAI's video generator, Sora, has left the company to join Google, where he'll also be working on video ...
How Does OpenAI's Price Tag Stack Up to Survivors of the Dotcom Bubble?
OpenAI's latest fundraising round has made the ChatGPT maker one of the world's most valuable startups and, from a historical ...
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 ...
OpenAI Asks Investors to Avoid Five AI Startups, Including Sutskever’s SSI
The market leader in generative AI applications is asserting its dominant position to secure exclusive financial commitments ...
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 ...
OpenAI’s ChatGPT Breaks Out of Its Box—and Onto a Canvas
ChatGPT saves different versions of the canvas as you’re iterating, so you can return to old versions if you end up ...
OpenAI launches new ‘Canvas’ ChatGPT interface tailored to writing and coding projects
OpenAI introduced a new way to interact with ChatGPT on Thursday: an interface it calls “canvas.” The product opens a ...
Here's where OpenAI's 11 cofounders are now
OpenAI has lost two of its cofounders in 2024. Here's where all 11 cofounders are now.