Photo : Reuters
OpenAI, the company behind the widely used ChatGPT, is reportedly in the process of raising billions of dollars in a new funding round that could value the company at over $100 billion, according to a Wall Street Journal report published on Wednesday.
The funding round is expected to be spearheaded by Thrive Capital, a prominent venture capital firm, which is poised to contribute approximately $1 billion. Additionally, tech giant Microsoft, a key supporter of OpenAI, is also anticipated to invest in this round, the report notes, citing sources familiar with the situation.
Stay informed with the latest news. Follow DXB News Network on WhatsApp Channel
The potential investment comes amid a surge in interest and valuation driven by ChatGPT, the company's AI-powered chatbot known for its human-like response generation. This growth underscores the increasing prominence of artificial intelligence and its significant impact on OpenAI’s market valuation.
Neither OpenAI, Microsoft, nor Thrive Capital has yet responded to requests for comment from Reuters.
#trending #latest #OpenAI #ChatGPT #AIInvestment #VentureCapital #ThriveCapital #Microsoft #TechFunding #AIValuation #FundingRound #TechNews #ArtificialIntelligence #StartupFunding #SiliconValley #TechGiants #Innovation #headlines #topstories #globalUpdate #dxbnewsnetwork #dxbnews #dxbdnn #dxbnewsnetworkdnn #bestnewschanneldubai #bestnewschannelUAE #bestnewschannelabudhabi #bestnewschannelajman #bestnewschannelofdubai #popularnewschanneldubai
Three people were killed and four others injured in Kostyantynivka, according to Donetsk region governor Vadym Filashkin....Read More.
Officials identified a 32-year-old "person of interest," warning he's armed, dangerous, and not to be approached....Read More.
Prince Hisahito Becomes Japan's First Royal Male to Turn 18 in 40 Years
It marks a significant milestone for Japan's imperial family, which has ruled the country for over a
Khalifa bin Tahnoon bin Mohammed Extends Condolences to Khalifa Hareb Mugheer Al Khaili on the Loss of His Mother
Sheikh Khalifa bin Tahnoon Al Nahyan offers condolences on the passing of Khalifa Hareb's mother.
Global Governments Summit Explores Future Trends with Key Partners
Mohammad Al Gergawi, WGS Chairman, highlighted its decade-long journey guided by a clear vision.
Man Frozen in Pennsylvania Cave Identified After Nearly 50 Years
The identification of a man found frozen in a Pennsylvania cave ends a nearly 50-year mystery. Despi
OTT Releases This Week: 'IC 814 The Kandahar Hijack,' 'The Rings of Power' S2, & More
Adam Sandler’s latest stand-up comedy special, "Love You," is now available for streaming on Netflix
5 Killed in Russian Shelling in Ukraine's Donetsk Region
Three people were killed and four others injured in Kostyantynivka, according to Donetsk region governor Vadym Filashkin.
7 People Shot on Kentucky Highway, Suspect Still at Large in Ongoing Manhunt
Officials identified a 32-year-old "person of interest," warning he's armed, dangerous, and not to be approached.
Abu Dhabi Hunting Exhibition Sets Guinness Record for Falcon Hood
Organized by Abu Dhabi Heritage Authority and ADNEC, the Abu Dhabi International Hunting & Equestrian Exhibition sets a new Guinness World Record.
Vistara Updates Stranded Passengers in Turkey After Mumbai-Frankfurt Bomb Threat
Vistara will send a substitute aircraft on Saturday to retrieve passengers stranded in Turkey after a Frankfurt-bound flight from Mumbai was diverted to Erzurum
Karachi Faces 12-Hour Power Outages and Disruptions from 'Kunda' Connections
Residents in Karachi are grappling with extended power outages and severe disruptions due to widespread electricity theft in nearby areas, exacerbating their da
Crown Prince of Abu Dhabi to Embark on Official Visit to India This Sunday
Crown Prince of Abu Dhabi to Begin Official Visit to India on Sunday, Meeting Prime Minister Modi in New Delhi
Pakistan Army Acknowledges Role in Kargil War, Honors Sacrificed Soldiers
During the Defence Day event, attended by senior military and governmental officials as well as families of soldiers, the Pakistan Army Chief acknowledged the a
Footballer Breaks World Record with Skills That Aided His Fight Against Suicide
Caleb Wu, 22, from the US, sets a world record for most football touches on a treadmill in 30 seconds.
UAE Declares Public Holiday for Prophet Muhammad's Birthday
The UAE has declared Sunday, September 15, a holiday for federal employees to celebrate Prophet Muhammad's birthday.
Pakistan Alarmed as First Polio Case in 16 Years Emerges in Capital
Officials have confirmed that a case of poliovirus has been reported in the federal capital for the first time in 16 years, bringing the total number of cases f
© DNN. All Rights Reserved.
