OpenAI set to raise $10 billion from MGX, Coatue and Thrive, source says
The Hindu
OpenAI is close to securing about $10 billion in fresh funding from investors, boosting its valuation to $850 billion, including the money raised, a person familiar with the matter said, confirming an earlier report in Bloomberg News
OpenAI is close to securing about $10 billion in fresh funding from investors, boosting its valuation to $850 billion, including the money raised, a person familiar with the matter said, confirming an earlier report in Bloomberg News.
Investors include Abu Dhabi’s MGX, Coatue and Thrive Capital, the person said. Altimeter Capital is also expected to participate in the round, the person said.
The deal is expected to be finalised by next week, the person familiar with the matter said.
The additional funds would bring the total raise from OpenAI’s latest funding round to about $120 billion, underscoring strong investor demand for AI companies.
The discussions are ongoing and the final size of the investment could change.
The ChatGPT maker said last month it was raising $110 billion from backers including Amazon.com, Nvidia and SoftBank Group, as it ramps up spending on computing infrastructure and talent.
Regulator mandates city gas distributors to provide piped gas to educational institutions within five days, supporting India's transition from LPG to PNG.
NHAI's Raajmarga InvIT listed on BSE, enhancing investor participation in highway infrastructure with strong demand and oversubscription.
HDFC Life Insurance faces ₹172 crore Income Tax order for alleged violations, plans to appeal the decision.
Air-conditioner makers in India are looking forward to FY27 with hope as the war in West Asia threatens to impact plastic component availability and consumer sentiment, adding to the challenges around raw material price and new energy label, a senior executive of a leading company has said.
Rupee falls 23 paise to an all-time low of 93.76 against the U.S. dollar amid foreign fund outflows and global uncertainties.
Stock markets surged nearly 2% as Trump paused strikes on Iran, boosting investor confidence amid easing geopolitical tensions.
Coal Minister urges State leaders to maintain stable coal prices amid rising global costs, assuring ample domestic supply.
Mahanagar Gas ensures reliable PNG and CNG supply in Maharashtra and Karnataka, offering customer benefits to encourage adoption.
OpenAI Chief Executive Sam Altman said on Monday he has stepped down from the board of directors of Helion Energy, the fusion startup he has backed since 2015
Nikhil Kamath and Quant MF back Swan Defence's oversubscribed ₹500 crore Offer for Sale, reflecting strong investor interest in defence stocks.
HDFC Bank appoints law firms to investigate allegations by former Chairman Atanu Chakraborty following his resignation.
Airlines are cancelling numerous flights amid escalating West Asia conflicts, leaving tens of thousands of passengers stranded worldwide.
The rupee declines 20 paise to 93.73 against the dollar as global oil prices rise and investor uncertainty persists.