SoftBank's investment in OpenAI may position the company as the world's joint-second most valuable private tech firm after SpaceX.
Artificial intelligence startup OpenAI is in early discussions for a funding round that could value it at a whopping $340 billion, according to The Wall Street Journal, which would more than double its valuation amid competitive threats from up-and-coming Chinese AI firm DeepSeek.
The Nasdaq Composite fell 3.1% on Monday, while AI leader Nvidia tumbled 17%. But the reality was, and is, far more complicated. DeepSeek didn’t replicate OpenAI’s ability by spending a few million dollars.
SoftBank could invest $15 billion to $25 billion directly into Microsoft-backed OpenAI, some of which may be used to pay for OpenAI's commitment to Stargate, Reuters had reported on Wednesday, citing a person familiar with the matter.
Some of the funding would be used to help cover OpenAI’s $18 billion commitment to the recently announced Stargate project.
OpenAI is in early talks to raise up to $40B in a funding round that would value the ChatGPT maker at $340B, The Wall Street Journal’s Berber
From IBM's solid quarterly numbers to Microsoft's weak earnings show, here's a look at some of the major developments from across the world.
Using DeepSeek's AI models and integrating them into its hardware aligns well with Apple’s strategy and keeps the company competitive in the AI race without reinventing the wheel or moving away from its core business model.
Microsoft-backed OpenAI (MSFT) is gearing up to release a new artificial intelligence model, known as o3-mini, which promises to deliver faster
In his newly built palace near Tokyo, lined by stone statues of Roman emperors and surrounded by an 18-hole golf course, Masayoshi Son was stewing. After declaring for years the imminent arrival of the artificial-intelligence revolution, the chief executive officer of SoftBank Group had missed out on it.
SAN FRANCISCO ― OpenAI, the maker of ChatGPT, is seeking to raise $40 billion in a fresh round of funding that would value the startup at a staggering $340 billion, the Wall Street Journal Reported on Thursday.