OpenAI reportedly hopes to raise up to $30 billion after delaying plans to go public. The artificial intelligence (AI) company is targeting a valuation of roughly $1.4 trillion, not counting new funds raised, Bloomberg News reported Tuesday (Sept. 29), citing sources familiar with the matter. ...
OpenAI is reportedly weighing a funding round at a $1.2 trillion valuation before going public. The artificial intelligence (AI) startup has held early discussions with investors about a private funding round ahead of its planned initial public offering (IPO), according to a Financial Times (FT)...
China’s ByteDance has reportedly secured a $29.6 billion loan from nearly 30 banks. That’s according to a report Friday (Sept. 4) from Reuters, which says the TikTok owner’s plans for artificial intelligence have attracted strong interest from lenders. The loan is the second-biggest in Asia...
Agentic customer interaction platform Encore AI has raised $30 million in new funding. The company will use its Series A round, announced Wednesday (July 29) to expand the global deployment of its enterprise artificial intelligence (AI) program, designed to help companies increase revenue with every...
February 14, 2025
Global IT spending is expected to increase by 9% in 2025, driven by AI and cloud expenditures, according to a report from S&P Global Ratings. But a divided picture is also emerging: As major cloud providers — AWS, Microsoft Azure and Google Cloud — along with Meta raise their AI investments to about $320 billion […]
July 05, 2024
Anthropic’s new funding program for advanced artificial intelligence (AI) evaluations aims to tackle safety and adoption challenges in AI. As global AI regulations tighten, from Nvidia’s potential antitrust charges in...
October 20, 2026
OpenAI is reportedly rushing to lockdown investors before chief competitor Anthropic goes public next month. That’s according to a report Monday (Oct. 19) by Reuters, which describes the effort as “unusually fast fundraising” that could bring OpenAI’s valuation to more than $1.4 trillion. Two sources familiar with the matter told Reuters this timetable is a […]
September 30, 2026
OpenAI reportedly hopes to raise up to $30 billion after delaying plans to go public. The artificial intelligence (AI) company is targeting a valuation of roughly $1.4 trillion, not counting...
September 16, 2026
OpenAI is reportedly weighing a funding round at a $1.2 trillion valuation before going public. The artificial intelligence (AI) startup has held early discussions with investors about a private funding...
September 06, 2026
China’s ByteDance has reportedly secured a $29.6 billion loan from nearly 30 banks. That’s according to a report Friday (Sept. 4) from Reuters, which says the TikTok owner’s plans for...