OpenAI is reportedly not anticipating to reap yearly profits for another five years. That’s according to a report Wednesday (Oct. 9) by The Information, citing company financial documents that also show the artificial intelligence (AI) startup could see annual losses of up to $14 billion...
The world’s biggest companies can’t seem to stop giving OpenAI money. One day after securing $6.6 billion in new funding from an array of tech giants and venture capitalists, the artificial intelligence (AI) startup revealed it had established a $4 billion credit facility with nine...
Microsoft announced Wednesday (Oct. 2) plans for a €4.3 billion ($4.8 billion) investment in Italy, its biggest investment in the country so far. The initiative is set to roll out over the next two years, allowing the Big Tech company to expand its cloud and...
OpenAI has reportedly raised $6.6 billion in new funding, nearly doubling its valuation. The artificial intelligence (AI) startup is now valued at $157 billion, The Wall Street Journal (WSJ) reported Wednesday (Oct. 7), noting that this figure puts the company in the same market capitalization...
November 03, 2024
Nvidia is in discussions to invest in Elon Musk’s artificial intelligence (AI) startup, according to published reports. Musk’s AI firm xAI is hoping to raise several billion dollars, valuing the company at around $40 billion, the New York Post reported Friday (Nov. 1). A separate report by The Information says Musk had been in discussions […]
October 10, 2024
OpenAI is reportedly not anticipating to reap yearly profits for another five years. That’s according to a report Wednesday (Oct. 9) by The Information, citing company financial documents that also...
October 03, 2024
The world’s biggest companies can’t seem to stop giving OpenAI money. One day after securing $6.6 billion in new funding from an array of tech giants and venture capitalists, the...
October 02, 2024
Microsoft announced Wednesday (Oct. 2) plans for a €4.3 billion ($4.8 billion) investment in Italy, its biggest investment in the country so far. The initiative is set to roll out...
