OpenAI in Talks for Massive Funding Round at $100 Billion Valuation

- OpenAI is aiming to raise at least $5bn at a $150bn valuation from investors like Apple, Nvidia, Microsoft, and Thrive Capital. - The San Francisco-based AI start-up is in talks with investors to fund its ambitious AI model development plans. - Thrive Capital, led by Josh Kushner, is expected to invest $1bn in this round. - The total fundraising could exceed $6.5bn, with Microsoft already having committed $13bn to OpenAI. - Despite rapid growth and $2bn in annual revenue, OpenAI remains lossmaking due to high development costs and increasing competition. Source: [Financial Times](https://www.ft.com/content/dde0855e-4543-4d3a-8ff5-e6fb3c3ff305)

- Safe Superintelligence (SSI), co-founded by Ilya Sutskever, has secured $1 billion in funding. - The funds will be used to acquire computing power and hire top talent. - SSI is valued at $5 billion and has 10 employees split between Palo Alto and Tel Aviv. - Investors include Andreessen Horowitz, Sequoia Capital, and DST Global. - Sutskever aims to develop safe AI systems that surpass human capabilities. Source: [Reuters](https://www.reuters.com/technology/artificial-intelligence/openai-co-founder-sutskevers-new-safety-focused-ai-startup-ssi-raises-1-billion-2024-09-04/)

- Apple and Nvidia reportedly discussing investment in OpenAI's new funding round - Thrive Capital expected to lead with $1 billion investment - Microsoft, OpenAI's largest investor, likely to participate - OpenAI's ChatGPT integration boosting Apple's AI strategy - AI arms race driving high valuations and investments across industries Source: [The Hindu](https://www.thehindu.com/sci-tech/technology/apple-nvidia-in-talks-to-join-openai-funding-round-reports-say/article68584312.ece/amp/)

- OpenAI is in talks to raise a new funding round at a valuation exceeding $100 billion, according to The Wall Street Journal. - Investors have already valued OpenAI at over $100 billion in secondary market deals, with companies like Rainmaker Securities and Caplight tracking these transactions. - Thrive Capital, led by Josh Kushner, is reportedly leading the primary deal with a $1 billion investment, alongside potential investors Microsoft, Nvidia, and Apple. - OpenAI's valuation has surged from $86 billion in September to bids valuing it up to $143 billion, driven by its rapid revenue growth, now tracking to hit $2 billion in ARR by year-end. - The high valuation and investor interest in OpenAI are expected to boost secondary market activity and valuations for other AI companies like Anthropic, Cohere, and Hugging Face. Source: [Techcrunch](https://techcrunch.com/2024/08/30/investors-are-already-valuing-openai-at-over-100b-on-the-secondaries-market/)

So open its brain fell out

- Microsoft and Apple have decided not to take board roles at OpenAI, highlighting growing regulatory concerns over Big Tech's influence on AI. - Microsoft, which invested $13 billion in OpenAI, will withdraw from the board, citing confidence in the company's direction and deeming their observer role unnecessary. - European and US regulators have expressed concerns about Microsoft's influence over OpenAI, prompting investigations into potential dominance and antitrust issues. - The UK is also scrutinizing Amazon's $4 billion collaboration with AI company Anthropic, while the US probes Nvidia's dominance in AI chips. - OpenAI will continue to engage with stakeholders through regular meetings to ensure collaboration on safety and security, following its transition from a nonprofit to a for-profit entity.

Heard the $$ offered by Google and OpenAI are >$10M for select AI research roles. Can someone share the source link?

xAI rival of open ai chatgpt and Google bard...Have hired ex-engineers of Google deepmind, open ai, Microsoft..What's your views?

We begin at 10:30pm 🕥 Looking forward to seeing what does Google come up with after a stellar performance by OpenAI yesterday. OpenAI has killed 10k+ Startups yesterday. Either Google stock going 🚀 or 🔻🔻