OpenAI secures $6.6 billion in funds and aims to gain $100B in revenue by 2029.
ASI Alliance partners with SingularityNET and Fetch.ai to invest $153M in GPU hardware.
Decentralized AI gains power by tapping distributed computing via Cudosâ GPU network.
OpenAI has raised $6.6 billion in new funding, fueling its drive for AI dominance and intensifying the race among tech giants and decentralized projects alike. This massive investment, which reportedly values OpenAI at over $157 billion, will enable the company to further develop its AI models and compete with rivals like Microsoft and Elon Muskâs xAI.
OpenAI Just Raised $6.6 Billion in Funds at a $157 Billion Valuation!
So, how can decentralized AI initiatives like the @ASI_Alliance compete with Big Tech?
Discover our secret advantage below â pic.twitter.com/br1CEDfCKq
â SingularityNET (@SingularityNET) October 3, 2024
OpenAI aims to achieve $100 billion in annual revenue by 2029, a figure comparable to NestlĂ©âs current yearly sales. This ambitious goal is supported by Microsoftâs $100 billion investment in supercomputers through its Stargate project, dedicated to training advanced AI models.
The ReâŠ
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