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OpenAI rakes in over $6 billion in new funding
OpenAI raised $6.6 billion in new funding from sources like Microsoft, Nvidia and SoftBank.
The new investors jumped on board after the artificial intelligence startup planned to switch from a charitable non-profit to a for-profit, product-focused company. If OpenAI fails to make the move to for-profit, investors have the right to pull their funding, according to Axios. The tech giant was in the process of negotiating a funding deal but apparently the agreement fell apart.
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