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OpenAI Gets $4 Billion in Credit on Top of $6.6 Billion Fundraise
OpenAI has tapped global banks for a $4 billion revolving line of credit on top of its recent $6.6 billion fundraising, building a massive war chest to stay ahead in the costly race to develop more sophisticated artificial intelligence.
OpenAI's latest funding round could be a bargain or a bust for investors
If OpenAI were to IPO tomorrow at its $157 billion valuation, it would be the second-largest American IPO by initial valuation.
OpenAI Adds $4 Billion Credit Line on Top of $6.6 Billion Investment Round
The San Francisco company is gathering the billions its executives believe they will need to continue building new A.I. technology.
OpenAI gets $6.6 billion in new funding, valuing company at $157 billion
The maker of ChatGPT announced it received $6.6 billion in new funding, valuing the company at $157 billion — one of the most valuable start-ups ever.
OpenAI gets $4 billion revolving credit line, giving it more than $10 billion in liquidity
On top of its latest funding round, OpenAI has put a $4 billion revolving credit line in place — bringing its total liquidity to more than $10 billion.
OpenAI now has a $4 billion credit line on top of $6.6 billion in funding
Keeping ChatGPT running is expensive as heck, so OpenAI needs access to plenty of cash to make sure the lights stay on. A day after the company said it had secured $6.6 billion in funding — the biggest ever funding round for a startup — it confirmed that it has a new $4 billion revolving line of credit.
OpenAI secures $4 bln credit facility
OpenAI said on Thursday it has secured a new $4 billion credit facility, in addition to the $6.6 billion investment the AI startup unveiled on Wednesday.
OpenAI gets that bag with a $6.6 billion funding round
Thanks to $6.6 billion in funding from the likes of Microsoft and Nvidia with a $157 billion valuation, OpenAI is now one of the wealthiest private enterprises on the planet.The Latest Tech News, Deli
4h
A co-lead on Sora, OpenAI’s video generator, has left for Google
A co-lead on OpenAI's video generator, Sora, has left the company to join Google, where he'll also be working on video ...
11h
How Does OpenAI's Price Tag Stack Up to Survivors of the Dotcom Bubble?
OpenAI's latest fundraising round has made the ChatGPT maker one of the world's most valuable startups and, from a historical ...
16h
on MSN
OpenAI has secured a $157 billion valuation. Now comes the hard part.
The ChatGPT maker has secured $6.6 billion in funding, but it still has to overcome challenges around the hight costs of ...
4h
OpenAI also secured a massive credit line
In addition to OpenAI’s new $6.6 billion megaround of funding at a post-money valuation of $157 billion, the outfit has ...
12h
on MSN
OpenAI unveils major ChatGPT redesign with new ‘Canvas’ interface for writers and coders
On Thursday, OpenAI announced a beta "canvas" feature for writing and coding. Canvas is different from the traditional ...
13h
OpenAI Asks Investors to Avoid Five AI Startups, Including Sutskever’s SSI
The market leader in generative AI applications is asserting its dominant position to secure exclusive financial commitments ...
16h
OpenAI’s ChatGPT Breaks Out of Its Box—and Onto a Canvas
ChatGPT saves different versions of the canvas as you’re iterating, so you can return to old versions if you end up ...
20h
OpenAI’s Altman Concentrates Power on Path to $157 Billion Valuation
The wide-ranging leadership transformation extends to the company’s board, too. All but one of the previous directors – Adam ...
15h
on MSN
OpenAI launches new ‘Canvas’ ChatGPT interface tailored to writing and coding projects
OpenAI introduced a new way to interact with ChatGPT on Thursday: an interface it calls “canvas.” The product opens a ...
22h
on MSN
Here's where OpenAI's 11 cofounders are now
OpenAI has lost two of its cofounders in 2024. Here's where all 11 cofounders are now.
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