Plus, how robots are playing a big part in the U.S. port strike
On Wednesday, OpenAI (MSFT) announced it had completed a $6.6 billion funding round, valuing it at $157 billion. The artificial intelligence startup’s raise is the largest private investment ever, and puts it among the top three largest startups with venture backing, Bloomberg reported.
OpenAI said Thursday it had secured another $4 billion through a credit facility with major global banks including JPMorgan $JPM Chase (JPM), Goldman Sachs $GS (GS), and Morgan Stanley $MS (MS).
Read about this and more in the AI news roundup.
Nvidia $NVDA’s (NVDA) next-generation artificial intelligence chip is in full production, and demand for it is “insane,” according to CEO Jensen Huang.
On the heels of a $6.6 billion funding round, OpenAI has secured access to billions more from some of the biggest global banks.
The trail of devastation left by Hurricane Helene after it swept across the U.S. is only just being fully realized, with houses flooded, roads ripped up and EVs bursting into flames as a result of all the salt water that flooded some states. Now, it’s emerged that the storm may wreak havoc on the auto industry after it shuttered a factory that produces elements essential for microchips.
OpenAI’s multibillion-dollar funding round is now complete, giving the artificial intelligence startup a valuation of $157 billion.
Google $GOOGL (GOOGL) reportedly wants to bring its artificial intelligence rivalry with OpenAI to the next level of AI models: those that can “reason.”
Thousands of dockworkers along the East Coast and Gulf Coast are on strike for the first time since 1977 — partly due to robots.
Amid a spate of executive resignations and reports that it’s spending more than it’s making, OpenAI is reportedly preparing to close a $6.5 billion funding round that could value the artificial intelligence startup at $150 billion.
The Department on Energy closed on a $1.52 billion loan to Holtec Palisades on Monday in a first-of-its-kind effort to fund the restoration of a nuclear power plant in Michigan.
As the U.S. escalates export controls on China, TikTok’s owner is reportedly planning to use a homegrown chipmaker for an artificial intelligence model it’s developing.
