Tuesday, March 31, 2020

Tencent-backed online education firm Yuanfudao raises $1 billion in new round

Chinese online education platform Yuanfudao said on Tuesday it has raised $1 billion in a new financing round, led by Tencent Holdings and private equity firm Hillhouse Capital Group.


from Reuters: Technology News https://ift.tt/2wR7nEl

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OpenAI Foundation outlines $1 billion push, expands leadership team

OpenAI has committed at least $1 billion over the next year as part of recapitalisation efforts for its Foundation. The investment is aimed ...