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OpenAI said to raise $40B at $300B in new funding round

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Top stories today:

  1. OpenAI said to raise $40B at $300B in new funding round
  2. OpenAIā€™s o3 comes out today: chief global affairs officer
  3. Ai2 brings TĆ¼lu 3 405B open-weight model, challenging DeepSeek V3
  4. Trumpā€™s DOJ sues HPE to block $14B deal to buy Juniper Networks
  5. Microsoft makes OpenAIā€™s o1 reasoning model free for all Copilot users

0. Data and calendar

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Listen to our AI-generated podcast summarizing todayā€™s newsletter (beware of hallucinations):

1. OpenAI said to raise $40B at $300B in new funding round

* Disclaimer: Please read the offering circular at invest.modemobile.com. This is a paid advertisement for Mode Mobileā€™s Regulation A offering. A reservation of the ticker symbol is not a guarantee that we will be listed on the Nasdaq. Any IPO timing is unknown, general steps to be accepted have not been undertaken at this point, and that listing is not guaranteed.

3. OpenAIā€™s o3 comes out today: chief global affairs officer

  • ā€œWe as the U.S., because of OpenAI, continue to maintain a lead. We need the infrastructure because infrastructure is destiny here if the U.S. wants to win this race.ā€

4. Ai2 releases TĆ¼lu 3 405B open-weight model, challenging DeepSeek V3, OpenAIā€™s GPT-4o

TĆ¼lu 3 405B has outperformed DeepSeek V3, GPT-4o, and Llama 3.1 405B Instruct on benchmarks including PopQA, GSM8K, and HumanEval, per Ai2:

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