AI is transforming the business world, and Chinese companies are at the forefront of this revolution. Jerry Ye, a Caltech graduate, returned to China in 2017 to establish Whale, a global AI company. Whale specializes in AI software and hardware for retailers, boasting clients like Starbucks, Xiaomi, and Unilever. Recently, Whale secured $60 million in a Series C fund...
The tech world is buzzing with a high-stakes game of chess between Microsoft and OpenAI. These two giants are in the middle of a serious negotiation. The goal? To reshape their partnership and pave the way for OpenAI to go public someday. This isn't just about money. It's about control, innovation, and the future of artificial intelligence. OpenAI started as a non-p...
Meta, the tech giant behind Facebook, Instagram, and WhatsApp, has been making waves in the AI world with its Llama models. Despite having deep pockets, Meta has surprisingly reached out to other tech heavyweights like Amazon and Microsoft for financial support. This move raises eyebrows, as Meta is known for its massive investments in various ventures. It is common...
Imagine a world where artificial intelligence (AI) is as crucial as electricity. That future is closer than you think, and OpenAI wants the U. S. to take the lead. The AI startup recently shared its game plan, saying the U. S. needs serious cash and smart rules to outpace China. It’s all about chips, data, and energy. OpenAI says without quick action, the U. S. might...
This week, we're looking at some major financial happenings. OpenAI just scored a massive $6.6 billion investment, making it the largest VC round ever. This brings their total raised funds to nearly $18 billion! ElevenLabs, a company specializing in AI-generated voices, is also attracting investors, with a potential valuation of up to $3 billion. In other news, Elon...
Artificial intelligence company OpenAI has just wrapped up a funding round, hitting a staggering $157 billion valuation. This milestone is thanks to $6.6 billion from investors like Thrive Capital, Microsoft, Nvidia, and SoftBank. The secret sauce? ChatGPT, launched in late 2022, which has taken generative AI mainstream. Last month alone, OpenAI raked in $300 millio...
OpenAI, the AI company co-founded by Elon Musk, has just scored a massive $6.6 billion in funding. This puts its value at an astonishing $157 billion, making it the priciest startup on the planet. The investors? Big names like Thrive Capital, Microsoft, and Nvidia. But here's where things get interesting: OpenAI asked these investors not to back its rivals. That's ri...