Some of the funding would be used to help cover OpenAI’s $18 billion commitment to the recently announced Stargate project.
OpenAI is in talks to raise another giant round, of about $40 billion, led by SoftBank, which would value the ChatGPT maker at $300 billion including the investment—nearly double its valuation late last year in a Thrive Capital-led
OpenAI, the maker of ChatGPT, is seeking to raise $40 billion in a fresh round of funding that would value the startup at a staggering $340 billion, the Wall Street Journal Reported on Thursday.
OpenAI is in talks to raise up to $40 billion in a funding round that would lift the artificial intelligence company's valuation to as high as $340 billion, CNBC has confirmed.
Meta Platforms CEO Mark Zuckerberg announced the social media company plans to spend as much as $65 billion this year alone to build on its artificial intelligence efforts.
As a result a big change is afoot in the economics of a digital economy built on providing cheap services to large numbers of people at low marginal cost, thanks to free distribution on the internet.
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French AI startup Mistral unveils a breakthrough 24B parameter language model that matches the performance of models three times its size, challenging tech giants with faster speeds and lower computing costs while targeting enterprise deployments.
The ChatGPT-maker is reportedly looking to raise up to $40 billion in funding at a $340 billion valuation. SoftBank would lead the round and invest up to $25 billion. SoftBank also announced last week it would be investing in a $500 billion datacenter project with OpenAI called Stargate.
The assertions about DeepSeek have sparked concerns over the eyewatering sums tech giants are spending on AI — but many experts are urging scepticism.
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