OpenAI is in talks to raise up to $40 billion in a funding round that would lift the artificial intelligence company's valuation to as high as $340 billion, CNBC has confirmed.

Former OpenAI board member Helen Toner claims despite DeepSeek's recent success in AI, it's not leading the pack. However, if President Trump revokes the NVIDIA AI chip exportation ban, it would be a huge win for China.

Chinese start-up DeepSeek created a cost-efficient and powerful artificial intelligence model that appears to rival U.S. programs.

DeepSeek, a Chinese AI start-up, has taken the tech world by storm. Its app, powered by the company's new reasoning model, R1, has quickly captured the attention of users and industry experts alike. Within days of its release, the app topped Apple's top free apps chart in China, showcasing the immense interest.

The buzz around Chinese AI startup DeepSeek began picking up steam earlier this month, when the startup released R1, its model that rivals OpenAI’s o1.

DeepSeek AI, favored by investors over ChatGPT, uses rapid advancements with cheaper chips as U.S. tech restrictions fuel China’s AI innovation.

Chinese AI company DeepSeek has huge success on the Apple App Store: its AI assistant app is the top free app, beating OpenAI's ChatGPT app.

Chinese startup DeepSeek has debuted an AI app that challenges OpenAI's ChatGPT and other U.S. rivals, sending a shock through Wall Street.

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Microsoft is bringing OpenAI’s o1 reasoning model to all Copilot users this week. You won’t need to subscribe to a $20 monthly Copilot Pro or ChatGPT Plus plan to get it either, as Microsoft is making it free for all users of Copilot.

OpenAI is in talks for an investment round to raise nearly $40 billion that would value the AI startup at up to $340 billion, the Wall Street Journal reported on Thursday.