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from24/7 Wall St.
13 hours ago

University of Michigan's $20M OpenAI Bet Is Now Worth $2 Billion

The school's endowment invested $20 million in OpenAI during a very early fundraising round, well before Microsoft's $1 billion investment in 2019 and before most people had heard of the AI lab. That stake is now expected to be worth roughly $2 billion, representing a staggering 9,900% return on a single investment.
Venture
Venture
fromTNW | Openai
5 days ago

SoftBank cuts OpenAI-backed margin loan target by 40% to $6bn

Lenders reduced the size of a margin loan against OpenAI shares due to concerns about the $852bn valuation holding under stress.
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