ChatGPT

After securing a whopping $6.6 billion funding round, ChatGPT-parent OpenAI has bagged a $4 billion revolving credit line. What Happened: The new credit facility will bolster its liquidity to $10 billion, allowing the AI startup to invest in high-cost computing capacity including Nvidia...

OpenAI‘s latest valuation of more than $150 billion, plus Nvidia Corp‘s (NASDAQ:NVDA) “watershed” partnership with Accenture Plc (NYSE:ACN), indicates that the “AI tidal wave” of spending is hitting its next growth stage, according to a research note from Wedbush...

Cathie Wood’s Ark Venture Fund has reportedly invested in OpenAI’s latest funding round, making it one of the largest in startup history. What Happened: On Wednesday, Ark Venture Fund committed to investing a minimum of $250 million in OpenAI’s latest funding...

Amazon.com Inc. (NASDAQ:AMZN) has reportedly launched a new AI chatbot named “Cedric,” designed to be safer than ChatGPT created by OpenAI for internal use. What Happened: The internal document obtained by Business Insider describes Cedric as a “general purpose AI chatbot”...

Masayoshi Son-led SoftBank Group Corporation (OTC:SFTBF) has reportedly re-committed to a $500 million investment in ChatGPT-parent OpenAI. What Happened: This investment forms part of a larger $6.5 billion funding round, catapulting OpenAI’s valuation to a staggering $150 billion,...

Executives at ChatGPT-parent OpenAI were reportedly apprehensive about the company’s future following the exit of key personnel, including co-founder Ilya Sutskever. What Happened: Earlier this week, OpenAI CTO Mira Murati announced her exit from the company, which re-ignited the concerns...

Apple Inc. (NASDAQ:AAPL) has reportedly decided to withdraw from negotiations to invest in OpenAI’s funding round, which is projected to raise between $6.5 billion and $7 billion. What Happened: Apple’s decision to pull out of the talks was made at the last minute. The funding round,...

OpenAI, the company behind ChatGPT, will reportedly increase the chatbot’s price by 10% this year, and more than double it to $44 over the next five years. What Happened: Microsoft Corp.-backed (NASDAQ:MSFT) OpenAI has informed investors that its monthly revenue reached $300 million in August...

OpenAI‘s CFO Sarah Friar reportedly informed employees that investor interest in the company’s funding round was “incredibly high.” What Happened: This announcement aimed to reassure staff following the unexpected resignations of several high-profile executives, reported...

Following several high-profile departures, with the latest being OpenAI CTO Mira Murati, CEO Sam Altman has taken to social media to address the concerns and criticisms raised. What Happened: On Thursday, Altman took to X, formerly Twitter, and defended the exits of Ilya Sutskever, Greg Brockman,...

Microsoft co-founder Bill Gates has high hopes for artificial intelligence, but isn’t ready to brush off concerns, either. AI For Good: Gates, an avid user of AI, believes it can help in areas like health and education. "The near-term issues are more using it in a positive way, in areas like...

Tesla and SpaceX CEO Elon Musk, who co-founded OpenAI in 2015 and left the company in 2018, has voiced apprehension about ChatGPT-maker's transition to a for-profit entity. This reported shift may end up awarding OpenAI CEO Sam Altman a 7% stake in the company. What Happened: On Wednesday, several...

ChatGPT-maker OpenAI is reportedly transitioning from a non-profit to a for-profit benefit corporation. The AI startup’s CEO Sam Altman could receive equity in the newly structured company. What Happened: OpenAI is revamping its business structure to make it more attractive to investors. The...

OpenAI’s CTO Mira Murati has announced her departure from ChatGPT-parent, following the exit of several high-profile members of the company. This has sparked speculation about the future of the AI startup. What Happened: On Tuesday, Murati shared a memo with the OpenAI team which she later...

Microsoft Corporation (NASDAQ:MSFT) co-founder Bill Gates highlights the use cases for ChatGPT during his Netflix (NASDAQ:NFLX) docuseries, which recently premiered on the streaming platform. What Happened: Microsoft is a key investor in ChatGPT parent company OpenAI. So, it may not be a huge...