OpenAI has secured $6.6 billion in new funding, with Thrive Capital and Microsoft leading the round, pushing its valuation to $157 billion. The funds will drive AI research and computing capacity. Notable investors include Khosla Ventures, Fidelity, and Nvidia. The deal highlights the tech industry’s confidence in AI’s potential and OpenAI’s prominent role.
Related Posts
Trai considers dropping its paper on OTT licensing
Telecom regulator Trai is re-evaluating its consultation paper on licensing OTT communication services following their exclusion from the new telecom act. Bharti Airtel’s CEO Gopal […]
Cheaper crude gives room for excise duty hike, fuel price cut
The drop in oil prices offers the Indian government an opportunity to raise excise duty, partly absorbing fuel retailers’ profits. This could result in moderate […]
Stock market today: BSE Sensex opens in green; Nifty50 above 23,750
Stock market today: Indian equity benchmark indices, BSE Sensex and Nifty50, opened in green on Tuesday. While BSE Sensex was above 78,500, Nifty50 was above […]