In a major development, the World Bank has announced a long-term financial support plan of $40 billion for Pakistan, to be disbursed between 2026 and 2035. The Ministry of Economic Affairs has begun working on the implementation framework of this plan, which is part of the newly launched Country Partnership Framework (CPF). For the first […]
$40 Billion
OpenAI secures $40 billion funding to boost AI research and infrastructure
OpenAI announced on Monday that it plans to raise $40 billion in a new funding round, led by SoftBank Group. The round will value the company at $300 billion and help advance AI research and expand computational infrastructure. SoftBank will contribute 75% of the funds, with Microsoft, Coatue Management, Altimeter Capital, and Thrive Capital covering […]