Wednesday, March 25, 2026

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 at using artificial intelligence (AI) to solve “humanity’s hardest problems.”

from Tech-Economic Times https://ift.tt/GbziJ49

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OpenAI set to raise about $10 billion from MGX, Coatue, Thrive

OpenAI is nearing a deal to raise about $10 billion from venture investors, lifting its latest funding round to roughly $120 billion. Backer...