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MainNewsOpenAI Secur...

OpenAI Secures $6.6B in Funds; Can Decentralized AI Keep Up?


by CoinEdition
OpenAI Secures $6.6B in Funds; Can Decentralized AI Keep Up
  • OpenAI secures $6.6 billion in funds and aims to gain $100B in revenue by 2029.
  • ASI Alliance partners with SingularityNET and Fetch.ai to invest $153M in GPU hardware.
  • Decentralized AI gains power by tapping distributed computing via Cudos’ GPU network.

OpenAI has raised $6.6 billion in new funding, fueling its drive for AI dominance and intensifying the race among tech giants and decentralized projects alike. This massive investment, which reportedly values OpenAI at over $157 billion, will enable the company to further develop its AI models and compete with rivals like Microsoft and Elon Musk’s xAI.

OpenAI aims to achieve $100 billion in annual revenue by 2029, a figure comparable to Nestlé’s current yearly sales. This ambitious goal is supported by Microsoft’s $100 billion investment in supercomputers through its Stargate project, dedicated to training advanced AI models.

The Re…

The post OpenAI Secures $6.6B in Funds; Can Decentralized AI Keep Up? appeared first on Coin Edition.

Read the article at CoinEdition

Read More

Solana Plunges 5% as Midnight Sell-Off Signals Institutional Exit

Solana Plunges 5% as Midnight Sell-Off Signals Institutional Exit

Institutional investors dump SOL during high-volume trading hour, pushing price below...
Bitcoin Short Positions Increase as Market Sentiment Shifts to Fear

Bitcoin Short Positions Increase as Market Sentiment Shifts to Fear

Bitcoin recently broke above the $111,000 mark, setting a new all-time high. However,...
MainNewsOpenAI Secur...

OpenAI Secures $6.6B in Funds; Can Decentralized AI Keep Up?


by CoinEdition
OpenAI Secures $6.6B in Funds; Can Decentralized AI Keep Up
  • OpenAI secures $6.6 billion in funds and aims to gain $100B in revenue by 2029.
  • ASI Alliance partners with SingularityNET and Fetch.ai to invest $153M in GPU hardware.
  • Decentralized AI gains power by tapping distributed computing via Cudos’ GPU network.

OpenAI has raised $6.6 billion in new funding, fueling its drive for AI dominance and intensifying the race among tech giants and decentralized projects alike. This massive investment, which reportedly values OpenAI at over $157 billion, will enable the company to further develop its AI models and compete with rivals like Microsoft and Elon Musk’s xAI.

OpenAI aims to achieve $100 billion in annual revenue by 2029, a figure comparable to Nestlé’s current yearly sales. This ambitious goal is supported by Microsoft’s $100 billion investment in supercomputers through its Stargate project, dedicated to training advanced AI models.

The Re…

The post OpenAI Secures $6.6B in Funds; Can Decentralized AI Keep Up? appeared first on Coin Edition.

Read the article at CoinEdition

Read More

Solana Plunges 5% as Midnight Sell-Off Signals Institutional Exit

Solana Plunges 5% as Midnight Sell-Off Signals Institutional Exit

Institutional investors dump SOL during high-volume trading hour, pushing price below...
Bitcoin Short Positions Increase as Market Sentiment Shifts to Fear

Bitcoin Short Positions Increase as Market Sentiment Shifts to Fear

Bitcoin recently broke above the $111,000 mark, setting a new all-time high. However,...