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New Funding Values OpenAI to a $300 Billion Valuation

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OpenAI has secured $8.3 billion in fresh funding , elevating its valuation to an estimated $300 billion. The sizeable round cements its position as one of the most valuable private technology companies in the world, amid surging interest in artificial intelligence. Strong Backing Reflects Investor Confidence The latest funding round reportedly includes contributions from prominent institutional investors, sovereign wealth funds and strategic partners. While OpenAI has not publicly disclosed all participants, reports indicate that existing backers such as Microsoft played a continued role. The $300 billion valuation is not tied to a traditional equity sale, but rather derived from a tender offer allowing investors to purchase shares from existing shareholders. This secondary share sale structure enables early employees and stakeholders to realise gains without the company going public. we have a ton of stuff to launch over the next couple of months–new m...

Chainlink announces top winners of Constellation 2023 hackathon

Chainlink Labs has unveiled prize winners in six categories, each focused on solving a specific task in the Web3 ecosystem. In a blog announcement on Dec. 20, the developer of the Chainlink decentralized oracle network said it had granted the main $25,000 prize to Unwallet.me, a seedless and gasless multi-chain crypto wallet. The product leverages the so-called account abstraction mechanism to create seedless wallets, allowing them to connect to different blockchain networks in a single domain name. Unwallet.me supports cryptocurrencies across various distributed ledgers, denominated in fiat, with the help of Chainlink Price Feeds oracles. “Constellation was our best, most successful hackathon to date, both in terms of quality and quantity.” Harry Papacharissiou, developer advocate manager at Chainlink Labs. You might also like: Chainlink debuts price feed oracles on Polygon zkEVM In the “DeFi and Payments” category, Chainlink awarded the first...