
CosmicTaco
OpenAI's Ambitious $40Bn Funding Quest
- OpenAI is in talks with major investors like Reliance Industries and Saudi Arabia's PIF for a $40Bn funding round.
- The funding aims to support OpenAI's infrastructure plan, Stargate, and further AI model development.
- The proposed investment could see each investor contributing 'at least hundreds of millions of dollars.'
- OpenAI's valuation stands at $300Bn, with plans to expand its AI research and compute infrastructure.
- Recent developments include launching data residency in Asia and rolling out the AI agent 'Operator' globally.
Source: Inc42
1mo ago
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