2025-03-29
OpenAI nears completion of multi-billion dollar funding round
SoftBank and OpenAI announced a major partnership on Monday that includes billions in annual spending and a new joint venture focused on the Japanese market.
The article OpenAI nears completion of multi-billion dollar funding round appeared first on THE [...]
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2025-02-14
OpenAI's board 'unanimously' rejects Elon Musk's $97.4 billion takeover bid
Elon Musk launched a $97.4 billion bid to take control of OpenAI. The Wall Street Journal reported a group of investors led by Musk's xAI submitted an unsolicited offer to the company's boa [...]
2025-03-05
Court denies Elon Musk's attempt to block OpenAI's for-profit transformation
US federal judge Yvonne Gonzalez Rogers has denied Elon Musk's request for an injunction that would have immediately stopped OpenAI's conversion into a for-profit entity. Musk filed for an i [...]
2025-01-22
OpenAI and Softbank team up for a $500 billion AI data center venture
OpenAI will build and open AI infrastructure worth $500 billion in the United States over the next four years in partnership with SoftBank. The two entities have teamed up to establish a new company c [...]
2025-04-09
Labor and nonprofit coalition calls on California AG to stop OpenAI from going for-profit
A group of organizations, including nonprofits like LatinoProsperity and labor groups like the California Teamsters, are petitioning California Attorney General Rob Bonta to stop OpenAI from becoming [...]
2025-03-03
Anthropic raises $3.5 billion in new funding, valuing the AI company at over $60 billion
Anthropic has secured $3.5 billion in Series E funding, pushing the company's valuation to $61.5 billion. The company plans to use the new capital for research, infrastructure development, and in [...]
2025-01-22
Google is investing another billion dollars in Anthropic
Google has decided to invest another billion into Anthropic, four sources told the Financial Times, bringing its total sunk cost to more than three billion dollars. Both companies have declined to com [...]