Tag: $OpenAI

OpenAI has proposed handing the U.S. government a 5% stake in the company, the Financial Times reported Thursday, as the artificial intelligence startup seeks to defuse mounting political pressure in Washington.

OpenAI is leaning toward holding off its initial public offering until next year, three people involved in the company’s deliberations said, a turnabout that punctuates the uncertain future for fast-rising artificial intelligence giants.

OpenAI is mulling sharp price cuts to its artificial intelligence offerings, as it looks to woo consumers away from rival Anthropic, the Wall Street Journal reported Wednesday evening stateside, citing sources familiar with the matter.

OpenAI has confidentially filed for an IPO with the Securities and Exchange Commission, joining the party a week after Anthropic did the same and days before Elon Musk’s SpaceX is set to hit the public market.

OpenAI and Microsoft on Monday announced a revamped partnership agreement that will allow the artificial intelligence company to serve customers across any cloud provider.

Qualcomm (QCOM) stock was surging early on Monday. The chip company was benefiting from a report that it is working with ChatGPT-developer OpenAI on plans for a smartphone.

Robinhood ​Ventures ‌Fund ​I ​said on ⁠Wednesday ​it ​has closed ​a $75 ​million investment ‌in ⁠ChatGPT ​maker ​OpenAI.

OpenAI has abandoned plans to rent compute capacity directly from a Norwegian data center, days after confirming it paused a similar project in the U.K.

OpenAI’s Stargate project in the U.K. is being paused, with the company pointing towards the cost of energy and the country’s regulatory environment.

OpenAI has raised $122 billion ahead of its planned initial public offering. The ChatGPT developer got its biggest backing from Amazon.com (AMZN) as it looks to lessen its dependence on Microsoft (MSFT).

OpenAI has closed a $110 billion funding round, a financing that’s more than double the size of its last raise a year ago, which was a record for a private tech company.

OpenAI is entering into multi-year partnerships with Accenture, Boston Consulting Group, Capgemini and McKinsey & Company.

Nvidia is in discussions to invest up to $30 billion in OpenAI as part of a funding round that could value the artificial intelligence startup at a $730 billion pre-money valuation, CNBC has confirmed.

Nvidia’s stock fell in premarket trading Monday after reports emerged that the chipmaker’s plans to invest $100 billion into OpenAI were stalled.

SoftBank has completed its $40 billion investment commitment to OpenAI, sources told CNBC’s David Faber.

SoftBank Group  is racing to close a $22.5 billion funding commitment to OpenAI by year-end through an array of cash-raising schemes, including a sale of some investments, and could tap its undrawn margin loans borrowed against its valuable ownership in chip firm Arm Holdings , sources said.

Michigan regulators unanimously approved a request from utility DTE Energy Co. to power a massive data center development planned by Oracle and OpenAI, during a contentious hearing where some members of the public pushed back on the project.

OpenAI is in discussions with Amazon about a potential investment and an agreement to use its artificial intelligence chips, CNBC confirmed on Tuesday.

OpenAI’s partners have amassed a significant debt pile of $100 billion to fund the company’s ambitious plans.

Artificial intelligence firm OpenAI has projected at least 220 million of ChatGPT weekly users will pay for a subscription, The Information reported on Tuesday, citing a person familiar with the matter.