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

OpenAI has raised $40 bnina l an d ma r k f u n d in g ro u n d l e d b y S o f tB ank t ha t ha sc a t a p u lt e d i t s v a l u a t i o n t o$ 300bn.
The massive investment has surprised the industry and underscores the growing significance of AI on the market.
With the funding, OpenAI will look to compete with AWS and Google, as well as xAI and Anthropic, and challenge them to deliver sophisticated AI solutions to enterprises.
Spending on generative AI is forecast to hit $644bn this year, according to research company Gartner, highlighting the sector’s massive growth.
OpenAI’s active user numbers have also soared to 500 million weekly, a sizeable leap from the 400 million it recorded just one month ago.
The company is also set to launch a new open-weights reasoning model that will enable developers to use the model on their own hardware.

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