OpenAI may have billions of dollars in the bank. But it's gearing up to raise billions more, according to a Wall Street Journal report.
Wall Street Journal reported that OpenAI in talks to raise new $40 billion funding, at a valuation of $340 billion.
SoftBank would lead the $40 billion round for the ChatGPT maker, some of which would go to the Stargate AI infrastructure venture.
OpenAI is seeking to raise up to $40 billion in new funding at a valuation of $340 billion, the Wall Street Journal reported today.
OpenAI will put its models on a supercomputer at Los Alamos National Laboratory and make them available to researchers at other U.S. national laboratories under a deal with the government announced Thursday.
SoftBank is in talks to invest in OpenAI, potentially deepening the relationship between the two companies that are already planning an artificial-intelligence infrastructure initiative.
OpenAI has been cozying up to the government for a few years now, and it’s been turbocharged under the Trump Presidency. Earlier this week, Altman announced ChatGPT Gov, a specialized version of its chatbot for government applications.
SoftBank could invest $15 billion to $25 billion directly into Microsoft-backed OpenAI, some of which may be used to pay for OpenAI's commitment to Stargate, Reuters had reported on Wednesday, citing a person familiar with the matter.
DeepSeek is causing havoc throughout the AI industry. U.S.-based tech companies that have heavily invested in AI saw their stocks take a tumble this week after the China-based startup released a new AI model on par with OpenAI's latest model, yet much cheaper to train — plus, DeepSeek made it free and open source.
ChatGPT maker says it will need extra protection from US government, following emergence of Chinese rival, DeepSeek.
OpenAI's o1 reasoning model usually requires a costly subscription, but it's now free to all Microsoft Copilot users. This move follows a surge in popularity for Chinese AI app Deepseek and its free reasoning model earlier this week.