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STAY UPDATED ! Last month, reports came out indicating that OpenAI was on the verge of bankruptcy within a year, with projected losses of $5 billion. OpenAI will reportedly be bailed out of bankruptcy by Microsoft, Apple, and NVIDIA, and the company will be given another round of funding. OpenAI gets an extended lifeline through another round of funding.๐ซก Like and follow for more.
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iPhone maker Apple and NVIDIA are reportedly in talks to invest in ChatGPT maker OpenAI in a funding round that could value the AI giant above $100 billion (or approximately Rs 8.38 lakh crore), WSJ reported. The round will be led by Thrive Capital,
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Perplexity AI is reportedly closing in on a $500 million funding round at a $14 billion valuation. Thatโs nearly 5x growth in under a year. ๐ Summary โ Perplexity in talks for $500M @ $14B โ Accel to lead round โ ARR just under $100M โ Competing
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"GAMBLING with the Last 5000 dollars" Bankruptcy to Billions #3 FedEx Turnaround from Bankruptcy FedEx was founded in 1971 by Frederick W. Smith.Smith's concept was to create an integrated air-to-ground system specifically designed for overnight de
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San Francisco-based startup Story has raised $80 million in funding to develop a blockchain to protect creatorsโ intellectual property from being used by AI developers like OpenAI without authorization. The funding round was led by Andreessen Horowi
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