funding

25 Oct

Waymo raises $5.6 billion to fund Austin and Atlanta expansion

stp2y0 CommentsNewsAlphabet, autonomous, autonomous vehicles, capital, cars, driverless, expansion, funding, INVESTMENT, news, tomorrow, uber, vehicles, waymo

Waymo has raised another huge chunk of change from investors. The company that it secured an “oversubscribed investment round” of $5.6 billion in funding, the largest of which came from Google's parent company Alphabet.The company is working with Uber to expand to by the early part of next year. Waymo says it plans to use this latest infusion of capital for the expansions. This latest round brings Waymo’s total capital fundraising to $11.1 billion, with the $5.5 billion it picked up in two earlier rounds in and .Waymo currently operates in San Francisco, Los Angeles and Phoenix with a curbside…

27 Sep

OpenAI reportedly plans to increase ChatGPT’s price to $44 within five years

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OpenAI is reportedly telling investors that it plans on charging $22 a month to use ChatGPT by the end of the year. The company also plans to aggressively increase the monthly price over the next five years up to $44.The documents obtained by shows that OpenAI took in $300 million in revenue this August, and expects to make $3.7 billion in sales by the end of the year. Various expenses such as salaries, rent and operational costs will cause the company to lose $5 billion this year.OpenAI is reportedly circulating the documents the NYT reported on as part of a…