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 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 Valued At $157 Billion After Closing $6.6 Billion Funding Round
OpenAI closed a $6.6 billion funding round that valued the booming artificial intelligence company at $157 billion, according to a Wednesday statement, a massive figure nearly double what the company was valued at early this year.
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.
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 be tricky, lawyers say.
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 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.
The rise of Sam Altman, OpenAI's billionaire CEO
OpenAI CEO Sam Altman is now a household name after the release of OpenAI's groundbreaking AI model, ChatGPT.
2 Top Artificial Intelligence (AI) Stocks to Watch in October
The launch of OpenAI's ChatGPT in late 2022 boosted interest in companies that could support or monetize generative AI.
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, ...
Khosla Says OpenAI’s Team Is Strong, Despite Departures
Artificial intelligence startup OpenAI has a strong, very technical team in place despite the number of recent departures, ...
OpenAI Announces $6.6 Billion in Funding, Nearly Doubling Valuation to $157 Billion
OpenAI raised $6.6 billion in new funding, giving it a massive post-money valuation of $157 billion. Investors include ...
OpenAI Canvas: Your New AI Powered Writing and Coding Assistant
OpenAI Canvas, a fantastic new ChatGPT feature now available in its first beta release, has been specifically designed to ...
OpenAI, Italian state lender CDP team up for AI use in startups
OpenAI and Italy's state lender CDP have signed a memorandum of understanding to support the take up of artificial ...
OpenAI’s for-profit shift
Welcome to The Hill’s Technology newsletter {beacon} Technology Technology   The Big Story OpenAI moves away from nonprofit ...
SoftBank’s Son Says Artificial General Intelligence to Be Achieved in a Few Years
SoftBank Group Chief Executive Masayoshi Son said he believed artificial general intelligence, in which computers have ...