Reported 1 day ago
OpenAI has announced its intention to raise $40 billion in a funding round led by SoftBank Group, aiming to boost AI research and expand its infrastructure at a valuation of $300 billion. The funding will support the company’s ambitious plans, including the establishment of a network of AI-focused data centers under the Stargate project in collaboration with SoftBank and Oracle. OpenAI also intends to transition to a for-profit model to secure this investment, which would significantly raise its standing among valuable private companies.
Source: YAHOO