(Bloomberg) -- OpenAI has tapped global banks for a $4 billion revolving line of credit on top of its recent $6.6 billion fundraising, building a massive war chest to stay ahead in the costly race ...
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 ...
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 ...
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 ...
For the first time in its nearly 20-year history, Reddit is turning a profit. The social platform claimed a profit of $29.9 million for the period ending in September, and ...
"Leveraging data has upped our game in fraud detection and prevention," Miskell said.The Treasury Department credited AI with helping officials prevent and recover more than $4 billion worth of ...
Autozone and O'Reilly are the two giants in the car-parts retail space. These two companies have market capitalizations of $53 billion and $71 billion, respectively. By comparison, Advance Auto ...
Wells Fargo bought back 62 million shares valued at $3.5 billion in the third quarter, reducing its share count by 8% from the same period a year ago to 292.4 million.