DeeperML

OpenAI has secured a monumental $40 billion funding round, led by SoftBank, which has propelled the company's valuation to $300 billion. This marks the largest funding round for a private tech company in history. The substantial investment highlights the growing importance of AI and the company's leadership position in the race for enterprise AI dominance.

The funding will support OpenAI's expanded research and development efforts as well as upgrades to computational infrastructure. Specifically, a portion of the capital is earmarked for OpenAI's ambitious Stargate infrastructure project, a joint venture with SoftBank and Oracle to establish a network of AI data centers across the United States. In a strategic shift, OpenAI also plans to release a new "open-weight" language model, allowing developers to run it on their own hardware.

ImgSrc: felloai.com

References :

• Fello AI: OpenAI Secures Historic $40 Billion Funding Round
• AI News | VentureBeat: $40B into the furnace: As OpenAI adds a million users an hour, the race for enterprise AI dominance hits a new gear
• InnovationAus.com: OpenAI closes $64bn funding round to boost AI efforts
• Maginative: OpenAI Secures Record $40 Billion in Funding, Reaching $300 Billion Valuation
• www.theguardian.com: OpenAI raises up to $40bn in record-breaking deal with SoftBank
• The Verge: OpenAI just raised another $40 billion round led by SoftBank

Classification:

• HashTags: #OpenAI #Funding #ArtificialIntelligence
• Company: OpenAI
• Target: OpenAI
• Product: ChatGPT
• Feature: Funding
• Type: AI
• Severity: Major