The battle among frontier AI companies in startup land is looking more and more like a survival of the richest. Just take a look at the latest from OpenAI.
On Wednesday, Bloomberg reported that the poster company of the generative AI boom is in talks to raise $6.5 billion from investors at a $150 billion valuation. It is also in separate talks with banks over a debt raise through a $5 billion revolving credit facility.
At a $150 billion valuation, OpenAI would almost double the $86 billion…
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