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OpenAI just raised $6.6bn in funding, but it drove a hard bargain – investors will be stopped from funding rivals
OpenAI has sealed its much-watched funding round, raising $6.6 billion from investors including Microsoft, Nvidia, and venture capitalists. The funding round values OpenAI at $157 billion, and includes $1.2 billion from Thrive Capital alone, as well as money from Khosla Ventures, SoftBank, and Fidelity, among others. Nvidia’s investment marked its first in OpenAI. Apple had been widely reported to be…
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OpenAI demands investors shun rivals such as Anthropic, Elon Musk’s xAI – Computerworld
“These arrangements have traditionally been more common in fast-moving, high-stakes industries like ridesharing, where firms like Uber and Lyft sought to secure conflict-free funding during critical growth periods,” George said. However, such agreements were typically limited to defined periods, such as six or 12 months, he added. The move could significantly reshape the venture capital landscape, potentially intensifying competition for…
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Microsoft’s huge AI spending has investors worried – now the company is changing its financial reporting to highlight successes
Microsoft is reorganizing its results to better highlight AI gains in its business as investors keep a close watch on the costs of rolling out the technology. Last month, Microsoft posted its full year results, with revenue up 16% to more than $245 billion — but capital spending, largely on AI and cloud, also climbed by a whopping 77% to…
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