News from the AI & ML world
DeeperML
Ryan Daws@AI News
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OpenAI has secured a massive $40 billion funding round, led by SoftBank, catapulting its valuation to an unprecedented $300 billion. This landmark investment makes OpenAI the world's second-most valuable private company alongside TikTok parent ByteDance Ltd, trailing only Elon Musk's SpaceX Corp. This deal marks one of the largest capital infusions in the tech industry and signifies a major milestone for the company, underscoring the escalating significance of AI.
The fresh infusion of capital is expected to fuel several key initiatives at OpenAI. The funding will support expanded research and development, and upgrades to computational infrastructure. This includes the upcoming release of a new open-weight language model with enhanced reasoning capabilities. OpenAI said the funding round would allow the company to “push the frontiers of AI research even further” and “pave the way” towards AGI, or artificial general intelligence.
ImgSrc: www.artificiali
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The fresh infusion of capital is expected to fuel several key initiatives at OpenAI. The funding will support expanded research and development, and upgrades to computational infrastructure. This includes the upcoming release of a new open-weight language model with enhanced reasoning capabilities. OpenAI said the funding round would allow the company to “push the frontiers of AI research even further” and “pave the way” towards AGI, or artificial general intelligence.
ImgSrc: www.artificiali
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- Fello AI: OpenAI has closed a $40 billion funding round, boosting its valuation to $300 billion. The deal, led by SoftBank, is one of the largest capital infusions in the tech industry and marks a significant milestone for the company.
- SiliconANGLE: OpenAI bags $40B in funding, increasing its post-money valuation to $300B. The bumper funding round was led by SoftBank Group Corp. and saw participation from existing backers of OpenAI, including Microsoft Corp., Coatue Management, Thrive Capital and Altimeter Capital.
- AI News | VentureBeat: In a move that surprised the tech industry Monday, OpenAI said it has secured a monumental $40 billion funding round led by SoftBank, catapulting its valuation to an unprecedented $300 billion -- making it the largest private equity investment on record.
- www.theguardian.com: OpenAI said it had raised $40bn in a funding round that valued the ChatGPT maker at $300bn – the biggest capital-raising session ever for a startup.