Among the latest news on AI, there is a new fundraising for OpenAI that would bring the Artificial Intelligence startup to a valuation of over 100 billion dollars. Not only that, Meta is planning to launch new smart glasses for mixed reality soon.
AI News: the artificial intelligence startup OpenAI will be valued at 100 billion dollars
OpenAI, the artificial intelligence startup behind ChatGPT, seems to be in talks for a funding round led by Thrive Capital. This fundraising would bring OpenAI to have a valuation of over 100 billion dollars.
OpenAI is getting closer to raising funding at a valuation of more than $100 billion in a round led by Thrive Capital https://t.co/eJ4fEUb9PX
— Bloomberg Technology (@technology) August 28, 2024
“OpenAI is approaching a funding round with a valuation of over 100 billion dollars in a round led by Thrive Capital”
From what has emerged, it seems that the venture capital company Thrive Capital will invest 1 billion dollars in the funding round, and also Microsoft should participate.
The colossus Microsoft currently holds a 49% stake in OpenAI, having invested a whopping 13 billion dollars in the company since 2019.
This financing would represent for OpenAi the largest injection of external capital since January 2023, when Microsoft itself invested nearly 10 billion dollars.
In any case, OpenAI is the Artificial Intelligence startup with the highest valuation to date. The over 100 billion dollars that OpenAI would reach with the funding round is by far a valuation higher than the previous one of 86 billion dollars.
AI News and the new Meta project: smart glasses for mixed reality
Staying on the topic of Artificial Intelligence, one cannot fail to mention Meta and its new project for mixed reality glasses.
According to what was reported, the new smart glasses from Meta are expected to replace their predecessors and should be launched by 2027. The price is expected to be more affordable in order to attract a broader user base.
Some time ago, Mark Zuckerberg, CEO of Meta, had hinted at an upcoming revolutionary product for mixed reality with the goal of bridging the gap between the pre-existing Ray-Ban Meta, a product without a display, and the bulky headsets more suited for virtual reality.
Meanwhile, this August, Meta released its Q2 2024 report where it notes a further loss in the metaverse sector of 4.5 billion dollars. In return, Zuckerberg stated that he believes in his new model based on Artificial Intelligence, asserting that Meta’s AI assistant will be the most used in the world by the end of the year.
Nvidia and its 30 billion dollar quarter
After much anticipation, Nvidia has exceeded expectations by publishing its Q2 2024 earnings of 30 billion dollars. This is a record-breaking quarter that beats estimates by 2 billion dollars and excites investors and the entire AI sector.
And in fact, at the center of the scene of the tech giant, there is no longer crypto mining, but rather Artificial Intelligence. Even Jansen Huang, CEO of Nvidia, has stated that generative AI will revolutionize every sector.
At the moment, in the crypto market, Nvidia’s success is not yet influencing the investors of AI tokens who, last weekend, were instead agitated.
