OpenAI has partnered with Italy's state lender CDP to boost AI innovation among Italian startups and companies. The partnership will provide Italian startups with access to OpenAI's technology and funding from US venture capital firms. CDP has committed to investing 1 billion euros in AI and cybersecurity over the next five years. The collaboration follows a meeting between Italian Prime Minister Giorgia Meloni and OpenAI CEO Sam Altman at the UN General Assembly in New York.
Source: https://techstartups.com/category/emerging-technology/artificial-intelligence/feed/
AIOpenAI | Rating: 72 | 2024-10-02 12:40:40 PM |
OpenAI, a company, expects to lose $5 billion this year despite pulling in $300 million in monthly revenue by August, a 1,700% increase since early 2023. The company is eyeing $3.7 billion in annual sales for this year and $11.6 billion for next year. The financial documents, reviewed by a financial expert, show that OpenAI's operational costs, including running its services, employee paychecks, and office expenses, are the main cause of the expected loss.
Source: https://techstartups.com/category/emerging-technology/artificial-intelligence/feed/
AIOpenAI | Duplicated with: | Rating: 83 | 2024-10-01 06:32:00 AM |
