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The unsecured facility, arranged with JPMorgan Chase, Goldman Sachs, Mizuho, SMBC and MUFG, matures in March 2027. Once SoftBank’s $30B follow-on investment in OpenAI closes, its cumulative stake will total approximately $64.6B, representing roughly 13% of the company. Masayoshi Son has never been a
On Tuesday morning, everything was business as usual at OpenAI. By the end of the day, the company had announced that it would scrap its video-generation app, Sora, and reverse plans for video generation inside ChatGPT; it would wind down a $1 billion Disney deal; it would shuffle the role of a high
Things are moving fast, and competitors have offered something similar for a while.
When an 82-year-old Kentucky woman was offered $26 million from an AI company that wanted to build a data center on her land, she said no. Sure, that same company can try to rezone 2,000 acres nearby anyway, but as AI infrastructure stretches further into the real world, the real world is starting t
When an 82-year-old Kentucky woman was offered $26 million from an AI company that wanted to build a data center on her land, she said no. Sure, that same company can try to rezone 2,000 acres nearby anyway, but as AI infrastructure stretches further into the real world, the real world is starting t
Wall Street giants JPMorgan and Goldman Sachs are extending a 12-month, unsecured loan to the Japanese conglomerate.
OpenAI has shelved its plans to add an erotic “adult mode” to ChatGPT indefinitely, the Financial Times reported on Wednesday, capping a five-month saga in which the feature was announced with confidence, delayed twice, and ultimately abandoned after pushback from staff, advisors, and investors. The
Some staff reportedly questioned how sexy ChatGPT benefits humanity.
It's only the latest of several side projects that the AI startup has ditched over the past week.
San Francisco-based OpenAI has turned to M&A to boost its offerings and stay ahead of its rivals through acquisitions, which total 17 companies in the past three years, Crunchbase data shows.
OpenAI CEO Sam Altman reportedly said all its text-to-video models would be shuttered, and a $1 billion investment from Disney has also been cancelled.
OpenAI is shutting down its Sora video generation app. "We're saying goodbye to Sora," the company wrote in a X post published Tuesday afternoon. For now, OpenAI has yet to say when the app and its related API service would become unavailable. Instead, promising to share those details at a later dat
OpenAI has spent the past year fielding lawsuits from the families of young people who died after extended interactions with ChatGPT. Now it is trying to give the developers who build on top of its models the tools to avoid creating the same problem. The company announced on Tuesday that it is relea
The nonprofit that controls OpenAI has outlined four programme areas, Alzheimer’s, jobs, AI resilience, and community, and brought on two senior hires to run the biggest of them. The gap between its charitable history and its new ambitions is the most striking number in their announcement. When Open
Move comes amid a reported plan to refocus on business and productivity use cases.
