Tag: AI startup funding

Meta in talks over Scale AI investment that could exceed billion: Report

Meta in talks over Scale AI investment that could exceed $10 billion: Report

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Meta Platforms is in talks to make an investment that could exceed $10 billion in artificial intelligence startup Scale AI, Bloomberg News reported on Sunday. The terms of the deal were not yet finalized and could still change, the report said, citing people familiar with the matter. Scale AI declined to comment and Meta did […]

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OpenAI to raise billion to boost AI efforts

OpenAI to raise $40 billion to boost AI efforts

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OpenAI said on Monday it would raise $40 billion in a new funding round led by SoftBank Group at a $300 billion valuation to advance AI research, expand computational infrastructure and enhance its tools. SoftBank would provide 75% of the funding, according to a person familiar with the matter, with the remainder coming from Microsoft, […]

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OpenAI must complete for-profit transition by year-end to raise full billion

OpenAI must complete for-profit transition by year-end to raise full $40 billion

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OpenAI must transition to a for-profit company by the end of the year to secure the full $40 billion funding led by SoftBank it is in the final stages of raising, a person familiar with the matter said on Friday. SoftBank can pare back the size of the funding round to $20 billion if Microsoft-backed […]

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