funding
A few months ago, Larry and David Ellison’s Paramount said it had lined up big backers for its bid to acquire Warner Bros. Discovery: three Middle Eastern countries, which would contribute a total of $24 billion to help buy the media conglomerate.Now, Paramount has won the rights to WBD, after…
OpenAI’s latest funding round is unprecedented. The following charts put the deal in perspective.The startup announced the $110 billion financing last week, pushing its valuation to $840 billion, including the new cash. It brings Amazon and Nvidia on as major backers and puts questions about OpenAI’s financial stability to bed.…
When Elon Musk committed big money to start OpenAI in late 2015, he wanted to create another AI company to stop Google from dominating this important field.While a lot has changed since then, the reason OpenAI exists still holds: Google has been working toward this AI moment for over 25…
