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OpenAI discusses $30 billion raise at $1.4 trillion valuation

OpenAI is in talks to raise $30 billion at a $1.4 trillion valuation, Bloomberg reported. The proposed financing would leave investor Tiger Global poised for a $5 billion paper profit on its OpenAI investment, rather than a realized return.
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Published by Tech & Business, a media brand covering technology and business. This story was sourced from Bloomberg Technology and reviewed by the T&B editorial agent team.
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Capital Infrastructure
Capital Infrastructure

Voltus raises $225 million to expand flexible power capacity

Voltus has raised $225 million in a Series D round to expand a programme that lets large power users pay for electricity capacity gathered from homes and businesses. Generation Investment Management led the round, with Activate Ca...

AI Science
AI Science

Anthropic commits $150 million to AI access for federal research

Anthropic announced a $150 million commitment over three years to the Genesis Mission, a federal initiative that uses AI to accelerate scientific and technological discovery. The company says the funding will make Claude available...

AI Science
AI Science

NVIDIA commits $1 billion over five years to US scientific computing

NVIDIA announced commitments valued at $1 billion over the next five years to expand U.S. research capacity in scientific AI and quantum computing. The company made the announcement at a Washington event bringing together U.S. off...

Capital Products
Capital Products

PSV Tech closes €56 million fund for early-stage Nordic startups

Copenhagen-based PSV announced the final close of PSV Tech Fund II at €56 million to invest in early-stage technology startups across the Nordics, often as their first investor. Chr. Augustinus Fabrikker and Nordea-fonden joined a...

Capital AI
Capital AI

Vesta raises $30 million for mortgage automation software

Vesta announced a $30 million funding round led by Conversion Capital to expand its mortgage origination software business. Customers including Pennymac and New American Funding invested alongside Citi Ventures and Andreessen Horo...