Sarah Friar, OpenAI CFO, joins 'Squawk on the Street' to discuss the company's latest funding round, the growth and forecast that justiifes the valuation, and much more.
OpenAI has obtained a $4 billion revolving credit line just days after raising $6.6 billion in a funding round. This new boost in finances raises the AI company's liquidity to $10 billion. The credit ...
(Reuters) -OpenAI has secured a new $4 billion revolving credit line, the ChatGPT maker said on Thursday, a day after it closed a $6.6 billion funding round that cemented its position as one of ...
In addition to OpenAI’s new $6.6 billion megaround of funding at a post-money valuation of $157 billion, the outfit has secured a $4 billion revolving line of credit, it disclosed in a post ...
OpenAI chair and former Salesforce co-CEO Bret Taylor’s AI startup Sierra has raised $175 million in a new funding round ...
The arrangement of the credit line also includes the ability to increase it by $2 billion, according to CNBC. Combined with OpenAI’s recent $6.6 billion in funding, OpenAI now has access to more ...
OpenAI expects to lose around $5 billion this year, or over $1 billion more than the revenue it will pull in. A new $4 billion credit facility announced Thursday adds to its cash stockpile ...
OpenAI raised $6.6 billion in cash and secured a $4 billion credit line, catapulting the company to a staggering $157 billion valuation. There is no question that the investment round spearheaded ...
Led by previous investor Thrive Capital, the new cash brings OpenAI’s total raised to $17.9 billion, according to Crunchbase. As part of the round, OpenAI also secured a massive credit line.
The company’s paid consumer plan for its chatbot ChatGPT currently starts at $20 (R354) per month. “We have been wowed at ...
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