USSTOCK.TODAY
Market Closed
Log in Sign up

OpenAI to continue AI infrastructure investment and raise funds at $1.25 billion valuation

CNBC · ·by G4L

NDAQ Nasdaq Inc
$110.02 +1.40%
View chart & analysis →
  1. 1OpenAI CFO Sarah Friar stated that the company will continue investing in AI infrastructure.
  2. 2OpenAI is in discussions to raise funds at a $1.25 billion pre-money valuation.
  3. 3OpenAI has completed the initial $11 billion portion of the funding round.

So what's the key point?

OpenAI said it will keep investing in artificial intelligence facilities. The company is discussing receiving investment funds at a $1.25 billion valuation.

Source CNBC · View original ↗

Related 3-line summaries

Unpaid margin debt hits $1.502 trillion, signaling market warning The Motley Fool +1 · 2d agoCathie Wood predicts continued technological revolution despite market volatility CNBC · 2d agoAnthropic seeks Nasdaq listing in mid-November and adjusts valuation CNBC · 3d ago
Today's 5 AI picks, all free
Nothing hidden: past picks and how they did against the S&P 500.
See today's picks →
← Back to news