OpenAI funding round could be cut by $10 billion if for-profit conversion doesn't occur by year-end
The provision ramps up the pressure on OpenAI to convert into a for-profit entity, a plan that will need the blessing of ...
OpenAI’s Latest Funding Round Comes With a $20 Billion Catch
A stipulation of the funding round, led by SoftBank, is adding pressure to OpenAI’s efforts to convert to a for-profit ...
OpenAI must complete for-profit transition by year-end to raise full $40 billion
OpenAI must transition to a for-profit company by the end of the year to secure the full $40 billion funding led by SoftBank ...
OpenAI Nears $40 Billion SoftBank Funding Deal
This massive potential investment in OpenAI represents a significant milestone in the AI industry’s financial landscape. If ...
SoftBank Looks At Investing $1 Trillion For US AI Push With Robot-Run Industrial Parks
SoftBank plans to invest over $1 trillion in AI industrial parks in the US, with CEO Masayoshi Son discussing the idea with ...
Could $500 billion OpenAI-backed Stargate project be why Softbank shelled $6.5 bn for Ampere Computing
Arm’s Japanese owner, SoftBank, is set to acquire Ampere - Arm's only independent server chip vendor - for $6.5 billion ...
OpenAI, Google AI data centers are under stress after new genAI model launches
New generative AI (genAI) models introduced this week by Google and OpenAI have put the companies’ data centers under stress ...
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OpenAI limits image generation following the viral ‘Ghibli’ trend, claiming GPUs are ‘melting’
OpenAI has put a rate limit on image generation requests for ChatGPT, with CEO Sam Altman stating “our GPUs are melting,” via ...