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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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‘Many of our long-time rivals are now our partners’: Why Oracle is doubling down on multi-cloud
Oracle has announced a new partnership with AWS at Oracle CloudWorld 2024, forming part of the firm’s wider mission to bolster multi-cloud environments across the enterprise. The new offering will allow customers to use Oracle Autonomous Database and Oracle Exadata Database Service within AWS environments, providing a connected experience across Oracle Cloud Infrastructure (OCI) and AWS. Similarly, customers will be…
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