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OpenAI Secures $6.6B in Funds; Can Decentralized AI Keep Up?
By
Coin Edition
18 days ago
AI
AGIX
2024
BILL
CIN
- 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.
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