$40B into the furnace: As OpenAI adds a million users an hour, the race for enterprise AI dominance hits a new gear

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VentureBeat 2d ago

$40B into the furnace: As OpenAI adds a million users an hour, the race for enterprise AI dominance hits a new gear - VentureBeat

Quick Summary:

In a move that surprised the tech industry Monday, OpenAI said it has secured a monumental $40 billion funding round led by SoftBank, catapulting its valuation to an unprecedented $300 billion -- making it the largest private equity investment on record.

The landmark investment underscores the escalating significance of AI, and also signals a shift in the enterprise technology landscape.