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The Stargate Project [1] is an American artificial intelligence (AI) joint venture created by OpenAI, SoftBank, Oracle and investment firm MGX. [2] The venture plans on investing up to US$500 billion in AI infrastructure in the United States by 2029.
OpenAI, the company behind the AI sensation ChatGPT, is again making headlines after securing $6.6 billion in one of the largest venture capital funding rounds in U.S. history. According to The ...
OpenAI has raised $6.6 billion in a massive funding round that values the startup at $157 billion, putting it among a tiny club of tech startups pushing private company valuations to stratospheric ...
OpenAI cited competitiveness and safety concerns to justify this strategic turn. OpenAI's former chief scientist Ilya Sutskever argued in 2023 that open-sourcing increasingly capable models was increasingly risky, and that the safety reasons for not open-sourcing the most potent AI models would become "obvious" in a few years. [284]
A group of current and former OpenAI employees are eligible to cash out up to $10 million worth of shares as part of the company’s $1.6 billion tender offer to SoftBank, a source has told Fortune.
The venture-capital firms Thrive Capital, Sequoia Capital, Andreessen Horowitz and K2 Global agreed to buy OpenAI shares in a tender offer, valuing the company at around $29 billion, the report said.
A partnership with OpenAI has led to the development of advanced language models like GPT-4. Nvidia (NASDAQ: NVDA): Nvidia's GPUs are the gold standard for AI training and inference. The company's ...
The only way to access OpenAI's growth today is through cloud giant Microsoft (NASDAQ: MSFT), which has invested almost $14 billion in the start-up. The catch was that until recently, OpenAI was a ...