Huge OpenAI funding round hinges on shedding nonprofit status
The ChatGPT maker is raising $40 billion, but it won’t get all of that money unless it transitions into a for-profit company.
OpenAI funding round could be cut by $10 billion if for-profit conversion doesn't occur by year-end
The provision ramps up the pressure on OpenAI to convert into a for-profit entity, a plan that will need the blessing of ...
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SoftBank to lead $40B financing for OpenAI
SoftBank Group will lead the financing of $40 billion in a for-profit OpenAI subsidiary, with the Japanese company to invest ...
OpenAI Completes Deal That Values Company at $300 Billion
The start-up’s valuation, which has nearly doubled in six months, shows continued enthusiasm for A.I. among investors.
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SoftBank leads $40bn investment in OpenAI
The Japanese investment firm enters an agreement with OpenAI and its affiliates to make follow-on investments of up to $40 ...
$40B into the furnace: As OpenAI adds a million users an hour, the race for enterprise AI dominance hits a new gear
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 -- ...
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SoftBank in talks to secure $16.5Bn in loan for AI investments in the US: Bloomberg
Hours after it pumped in part of the $40Bn fundraise for OpenAI, SoftBank Group is now reportedly in talks to secure a loan ...
SoftBank Seeks Record $16.5 Billion Loan for AI Projects in US
SoftBank Group Corp. is seeking a loan of as much as $16.5 billion to help fund artificial intelligence investments in the US ...