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233 OpenAI Reportedly Plans to Close New Funding Next Week, Projects $11.6 Billion in 2025 Revenue

The Information
Stephanie Palazzolo @ The Information 2 place · 09/27/2024 17:50 EDT

OpenAI expects to close its funding round, which could value it at $150 billion, by next week, according to the Wall Street Journal, which cited a memo to investors from Chief Financial Officer Sarah Friar. Josh Kushner’s Thrive Capital is leading the fundraise of as much as $7 billion in ...

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The Information
Aaron Holmes @ The Information 1 place · 09/24/2024 10:00 EDT

In case you missed it, my colleagues broke news yesterday about Anthropic’s attempt to draft off OpenAI’s pending fundraising, by looking to do its own funding round. Like OpenAI, Anthropic wants to double its valuation. Whether it can do so despite weaker financials remains to be seen! On to today’s issue… It’s been a while since Microsoft told the world anything about its development of generative artificial intelligence that could... Read more

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Cory Weinberg @ The Information 3 place · 09/24/2024 09:00 EDT

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The Information
Stephanie Palazzolo @ The Information 2 place · 09/27/2024 17:50 EDT

OpenAI expects to close its funding round, which could value it at $150 billion, by next week, according to the Wall Street Journal, which cited a memo to investors from Chief Financial Officer Sarah Friar. Josh Kushner’s Thrive Capital is leading the fundraise of as much as $7 billion in ... Read more

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