OpenAI is in talks to close a new funding round at a $100 billion valuation, which would be one of their biggest infusions of capital. They have already raised $86 billion and allowed employees to sell shares in the company. OpenAI is on track to lose about $5 billion by the end of the year, despite generating $3.4 billion in annualized revenue. They have burned $8.5 billion in AI training and staffing. Thrive Capital and Microsoft are expected to participate in the funding round, and there are rumors that Nvidia and Apple may also contribute. My Podcast Course: ⁠https://podcaststudio.com/courses/⁠Discount Code: AICHAT Get on the AI Box Waitlist: ⁠⁠⁠https://AIBox.ai/⁠⁠⁠ Join my AI Hustle Community: ⁠https://www.skool.com/aihustle/about⁠ See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

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“What did the council decide on item 42?” — answered with the speaker and the moment.

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