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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2025-05-06
OpenAI’s new for-profit plan leaves many unanswered questions
OpenAI has abandoned its controversial restructuring plan. In a dramatic reversal, the company said Monday it would no longer try to separate control of its for-profit arm from the non-profit board th [...]
2025-05-13
Perplexity: 500 million dollar round could value AI startup at 14 billion
Perplexity, the AI startup known for its generative search engine, is reportedly close to raising $500 million in a new funding round that would value the company at $14 billion.<br /> The artic [...]
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 [...]
2025-05-02
The White House's proposed budget would cancel NASA's Gateway space station project
The Trump administration's preliminary 2026 budget proposes the biggest single-year cut to NASA funding in the agency's 67-year history. The cuts are part of the White House's broader g [...]
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 [...]