OpenAI is close to finalizing a $40 billion funding round led by SoftBank Group Corp. — with investors including Magnetar Capital, Coatue Management, Founders Fund and Altimeter Capital ...

The $10 billion figure excludes licensing revenue from OpenAI-backer Microsoft (MSFT.O) and large one-time deals, an OpenAI spokesperson confirmed. The details were first reported by CNBC.

OpenAI has hit $10 billion in annual recurring revenue, according to a company spokesperson. The milestone comes roughly two and a half years after the company launched its popular ChatGPT chatbot.

The massive round is Anysphere’s third fundraise in less than a year. The 3-year-old startup secured its previous capital haul of $100 million at a pre-money valuation of $2.5 billion late last ...

In the company’s fiscal 2024, Microsoft’s Intelligent Cloud segment, which includes its AI cloud services, generated $105 billion of the company’s $245 billion in total revenue.

Months after announcing a partnership with defense-tech startup Anduril, OpenAI has secured a $200 million contract with the Department of Defense.

Months after announcing a partnership with defense-tech startup Anduril, OpenAI has secured a $200 million contract with the Department of Defense.

For instance, Marc Andreessen, co-founder of VC firm Andreessen Horowitz, an OpenAI investor, recently appeared on Jack Altman’s “Uncapped” podcast (Jack is Sam Altman’s brother).

OpenAI has been awarded a $200 million contract to provide the U.S. Defense Department with artificial intelligence tools. Stream San Diego News for free, 24/7, wherever you are with NBC 7. The ...