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Dominari Securities CEO Kyle Wool reacts to a recent report that OpenAI expects their 2025 revenue to triple to $12.7 billion.
ChatGPT creator OpenAI on Monday revealed it is getting up to $40 billion in new funding.
The money came out of a new fundraising round for the artificial intelligence (AI) company in which SoftBank Group is serving as the lead investor.
The Japanese investment group said it has agreed to fund OpenAI with $10 billion in mid-April and an additional $30 billion in December, contingent on the AI firm transitioning to for-profit by the end of the year.
Open AI CEO Sam Altman speaks during an event titled “Transforming Business through AI” in Tokyo, Japan, on Feb. 3. (Tomohiro Ohsumi / Getty Images)
Part of the investment – $10 billion – will be syndicated out to “co-investors” that a source familiar with the matter told Reuters included Microsoft,…
