OpenAI reportedly raising $40 billion

• It also comes on the heels of OpenAI releasing a ChatGPT image generator, which was met with both user enthusiasm and new copyright concerns.

Other investors reportedly would include Altimeter, Coatue, Founders Fund, and Magnetar Capital.

Go deeper, via Bloomberg: "The San Francisco-based company generated $3.7 billion in revenue last year, according to a person familiar with the matter ... [and] expects sales to continue growing at a fast clip, more than doubling next year to $29.4 billion. ... Still, OpenAI is also confronting significant costs from the chips, data centers and talent needed to develop cutting-edge AI. It doesn't expect to be cash-flow positive until 2029."