Artificial intelligence startup OpenAI expects massive losses this year, but revenue over the next five years will continue to be explosive as the company raises fees on its signature chatbot.

ChatGPT maker OpenAI has raised 6.6 billion US dollars (£5 billion) in its latest funding round, the largest such deal of all time, valuing the company at 157 billion dollars (£118 billion). The deal ...

Microsoft and OpenAI announced they’re offering a select group of media outlets up to $10 million ($2.5 million in cash plus ...

But OpenAI sees a loss of $5 billion, which doesn't include equity-based compensation, the Times said. Its biggest cost is the computing power it gets from partner and top investor Microsoft ...

OpenAI and Microsoft are putting $10 million into a new local news fellowship program that looks at how newsrooms can better ...

OpenAI's shift to a for-profit model with Microsoft's backing could redefine AI governance & industry standards. Microsoft ...

Anthropic has announced the release of an upgraded Claude 3.5 Sonnet model and the new Claude 3.5 Haiku, along with a public ...

The “best bromance in tech” has had a reality check as OpenAI has tried to change its deal with Microsoft and the software ...

The news: OpenAI secured a US$4 billion ($5.84 billion) revolving credit line on top of its just completed US$6.6 billion equity fundraising, giving the ChatGPT creator liquidity to fund new ...

OpenAI has tried to change its deal with Microsoft; Microsoft has tried hedging its bet on OpenAI. The “best bromance in tech ...