Sam Altman Archives - ResortHatch

2024-10-04

OpenAI gets $4 billion revolving credit line on top of latest funding

OpenAI has a $4 billion revolving line of credit, bringing its total liquidity to more than $10 billion, CNBC has learned. It follows news Wednesday that OpenAI closed its recent funding round at a valuation of $157 billion, including the $6.6 billion the company raised from an extensive roster of investment firms and big tech companies. JPMorgan Chase, Citi,…

2024-10-04

OpenAI raises at $157 billion valuation; Microsoft, Nvidia join round

No Comments

Business

OpenAI has closed its long-awaited funding round at a valuation of $157 billion, including the $6.6 billion the company raised from an extensive roster of investment firms and big tech companies. While OpenAI didn’t name the investors in Wednesday’s press release, a person with knowledge of the matter said the round was led by Thrive Capital and included participation…

2024-10-02

Cerebras files for IPO

No Comments

Business

Andrew Feldman, co-founder and CEO of Cerebras Systems, speaks at the Collision conference in Toronto on June 20, 2024. Ramsey Cardy | Sportsfile | Collision | Getty Images Artificial intelligence chip startup Cerebras Systems on Monday filed its prospectus for an initial public offering, with plans to trade under the ticker symbol “CBRS” on the Nasdaq. Cerebras competes with…

2024-09-29

OpenAI’s Sam Altman tells employees he didn’t get ‘giant equity stake’

No Comments

Business

At an all-hands meeting Thursday, OpenAI CEO Sam Altman denied that there are plans for him to receive a “giant equity stake” in the company, calling that information “just not true,” according to a person who was in attendance. Altman and finance chief Sarah Friar both said at the meeting, conducted by video, that investors have raised concerns about…

2024-09-26

OpenAI considering restructuring to for-profit, CTO Mira Murati and two top research execs depart

No Comments

Business

Mira Murati, chief technology officer of OpenAI, during an interview on “The Circuit with Emily Chang” in San Francisco on April 4, 2023. Philip Pacheco | Bloomberg | Getty Images OpenAI’s board is considering plans to restructure the firm to a for-profit business, according to a source who asked to remain anonymous because the talks are ongoing. The company…

2024-09-15

Tiger Global plans to join OpenAI’s funding round at more than $150 billion valuation

No Comments

Business

In this photo illustration, the OpenAI logo is displayed on a mobile phone screen with a photo of Sam Altman, CEO of OpenAI. Didem Mente | Anadolu | Getty Images Tiger Global is planning to join OpenAI’s buzzy new funding round that would value the artificial intelligence startup at more than $150 billion, according to sources familiar with the…

2024-09-13

Nvidia, OpenAI, Anthropic and Google leaders meet with White House to talk AI

No Comments

Business

Leaders at OpenAI, Anthropic, Nvidia, Microsoft, Google and several American power and utility companies met Thursday at the White House to discuss the future of artificial intelligence energy infrastructure in the U.S., sources familiar with the meeting told CNBC. Nvidia CEO Jensen Huang, OpenAI CEO Sam Altman, Anthropic CEO Dario Amodei, Microsoft president Brad Smith, Google President Ruth Porat…

2024-09-01

OpenAI and Anthropic agree to let U.S. AI Safety Institute test models

No Comments

Business

Jakub Porzycki | Nurphoto | Getty Images OpenAI and Anthropic, two of the most richly valued artificial intelligence startups, have agreed to let the U.S. AI Safety Institute test their new models before releasing them to the public, following increased concerns in the industry about safety and ethics in AI. The institute, housed within the Department of Commerce at…

2024-08-30

OpenAI in talks to raise funding that would value it at more than $100 billion

No Comments

Business

In this photo illustration, the OpenAI logo is displayed on a mobile phone screen with a photo of Sam Altman, CEO of OpenAI. Didem Mente | Anadolu | Getty Images OpenAI is in talks to raise a funding round that would value the artificial intelligence startup at more than $100 billion, CNBC has learned. Thrive Capital is leading the…

2024-08-17

‘You know what to do in the stock market’

No Comments

Business

Eric Schmidt, who led Google for a decade, told Stanford students that, while he’s not one to give investment advice, he sees an obvious play in the stock market that doesn’t involve buying shares of his former employer. Schmidt said, in a video that was posted by Stanford this week and subsequently removed, that big technology companies are planning…

ResortHatch

Tag: Sam Altman

OpenAI gets $4 billion revolving credit line on top of latest funding

OpenAI raises at $157 billion valuation; Microsoft, Nvidia join round

Cerebras files for IPO

OpenAI’s Sam Altman tells employees he didn’t get ‘giant equity stake’

OpenAI considering restructuring to for-profit, CTO Mira Murati and two top research execs depart

Tiger Global plans to join OpenAI’s funding round at more than $150 billion valuation

Nvidia, OpenAI, Anthropic and Google leaders meet with White House to talk AI

OpenAI and Anthropic agree to let U.S. AI Safety Institute test models

OpenAI in talks to raise funding that would value it at more than $100 billion

‘You know what to do in the stock market’

Contact Info

Navigation

Photo Gallery

Bali

Turkish Riviera

Bora Bora

Beach

Latest Posts