OpenAI Secures $6.6B in Funds; Can Decentralized AI Keep Up

  • 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 Cudos’ 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 Musk’s 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 ↓ pic.twitter.com/br1CEDfCKq

— SingularityNET (@SingularityNET) October 3, 2024

OpenAI aims to achieve $100 billion in annual revenue by 2029, a figure comparable to Nestlé’s current yearly sales. This ambitious goal is supported by Microsoft’s $100 billion investment in supercomputers through its Stargate project, dedicated to training advanced AI models.

The Re…

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