Under the new structure, OpenAI plans to convert its for-profit wing into a Delaware-based PBC, which will run and control ...

OpenAI plans to restructure into a for-profit company in 2025, highlighting the need for significant capital. This move has ...

OpenAI said it will be restructured as a public benefit corporation, and the nonprofit that controls the organization would ...

Much more than computing dominance is at stake; the struggle for AI primacy between the United States, China, middle powers, ...

Last year, the firm also raised $1.1 billion for two new private investment vehicles: D.E. Shaw Voltaic Fund and D.E. Shaw ...

Elon Musk’s net worth rose $239 billion this year to $468 billion. That increase is due mainly to his ownership of three ...

AI finished raising $6 billion in new funding and has begun receiving Nvidia GB200 chips. The chips are arriving about a ...

Broadcom has reached a historic milestone, surpassing a US$1 trillion market valuation amid the rapid growth of the ...

Elon Musk has a lot going on as 2024 winds to a close. The CEO of both Tesla (TSLA) and SpaceX is finishing a busy year that ...

In a series C investment round, Elon Musk's artificial intelligence venture xAI raised $6 billion. This adds to the $6 ...

Nevertheless, the deals — and xAI’s developer and consumer-facing products — have driven xAI’s revenue to around $100 million ...

In total, 97 investors were involved in this round of funding, with the minimum investment per participant pegged at $77,593.