SingularityNET

2024

Billion

Coin

<ul class="wp-block-list news-points"> 
 <li><strong>OpenAI secures $6.6 billion in funds and aims to gain $100B in revenue by 2029.</strong></li> 
 <li><strong>ASI Alliance partners with SingularityNET and Fetch.ai to invest $153M in GPU hardware.</strong></li> 
 <li><strong>Decentralized AI gains power by tapping distributed computing via Cudos’ GPU network.</strong></li> 
</ul> 
<p>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.</p> 
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   <p lang="en" dir="ltr">OpenAI Just Raised $6.6 Billion in Funds at a $157 Billion Valuation!<br><br>So, how can decentralized AI initiatives like the <a href="https://twitter.com/ASI_Alliance?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@ASI_Alliance</a> compete with Big Tech?<br><br>Discover our secret advantage below ↓ <a href="https://t.co/br1CEDfCKq" target="_blank" rel="nofollow">pic.twitter.com/br1CEDfCKq</a></p>— SingularityNET (@SingularityNET) <a href="https://twitter.com/SingularityNET/status/1841898760713961574?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">October 3, 2024</a>
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<p>OpenAI aims to achieve $100 billion in annual revenue by 2029, a figure comparable to Nestlé’s current yearly sales. This ambitious goal is <a href="https://x.com/SingularityNET/status/1841898766162657542" target="_blank" rel="nofollow">supported by</a> Microsoft’s $100 billion investment in supercomputers through its Stargate project, dedicated to training advanced AI models.</p> 
<h2 class="wp-block-heading" id="h-the-resource-challenge-facing-decentralized-ai-startups"><strong>The Re…</strong></h2>
<p>The post <a href="https://coinedition.com/openai-secures-6-6b-in-funds-can-decentralized-ai-keep-up/">OpenAI Secures $6.6B in Funds; Can Decentralized AI Keep Up?</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

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

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