OpenAI, the company behind ChatGPT, secured US$6.6 billion in new funding, propelling its valuation to US$157 billion and cementing its position as the world leader in artificial intelligence. The landmark investment, one of Silicon Valley’s largest, was announced by OpenAI on Wednesday. Founded in 2015 and led by Sam Altman, OpenAI plans to use the … Read more
SoftBank Group’s stock rebounded, helped by the Japanese company’s possible participation in an OpenAI funding round that may better position Masayoshi Son in a race over artificial intelligence. SoftBank’s Vision Fund plans to invest US$500 million in OpenAI, the Information reported, citing a person familiar with the deal. OpenAI is in talks to raise US$6.5 … Read more
OpenAI is in talks to raise US$6.5 billion from investors at a valuation of US$150 billion, according to people familiar with the situation. The new valuation, a figure that does not include the money being raised, is significantly higher than the US$86 billion valuation from the company’s tender offer earlier this year, and cements its … Read more
Nvidia, the world’s biggest chip maker, has discussed joining a funding round for OpenAI that would value the artificial intelligence (AI) start-up at more than US$100 billion, according to people familiar with the matter. Apple and Microsoft also have been in talks about taking part in the financing, said the people, who asked not to … Read more
