OpenAI Completes $300 Million Funding round at $27 Billion-$29 Billion Valuation

OpenAI, the company behind the widely used conversational AI model ChatGPT, has recently completed a successful share sale worth over $300 million at a valuation of $27 billion – $29 billion. Venture Capital firms including Tiger Global, Sequoia Capital, Andreessen Horowitz, Thrive, and K2 Global are reportedly buying fresh shares, according to papers reviewed by…

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Amazon Wants Investors to Know It Won’t Be Left Behind in the Race Over Artificial Intelligence

In the most recent Big Tech arms race over artificial intelligence, Amazon wants investors to be aware that it will not be left behind. CEO Andy Jassy of Amazon (AMZN) wrote a letter to shareholders on Thursday stating that the company is “investing heavily” in large language models (LLMs) and generative AI, the same technology…

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