VCs and founders took much of the $2.4B, but money was left for a payout to all employees, sources say.
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Biotech & Health
The oversubscribed round came months ahead of schedule, and is part of OpenAI's strategy to raise $40 billion.
The round could make the AI data storage company one of the most valuable in the world.
OpenAI employees sold $6.6B in shares, leading company's valuation to jump to $500B.
The $300B deal is a reminder that despite Oracle’s legacy status, it shouldn’t be overlooked when it comes to AI infrastructure.…
a16z releases its first AI spending report that shows which AI-native application layer companies startups are actually spending…
Latvian startup Handwave aims to compete with Amazon palm payments by offering an independent alternative.
