Insightful Word
  • Investing
  • Stock
  • Economy
  • Politics
  • Investing
  • Stock
  • Economy
  • Politics
No Result
View All Result
Insightful Word
No Result
View All Result
Home Economy

OpenAI, Italian state lender CDP team up for AI use in startups

admin by admin
October 2, 2024
in Economy
0
OpenAI, Italian state lender CDP team up for AI use in startups
0
SHARES
10
VIEWS
Share on FacebookShare on Twitter

MILAN (Reuters) – OpenAI and Italy’s state lender CDP have signed a memorandum of understanding to support the take up of artificial intelligence (AI) by Italian startups and innovative firms.

In a joint statement on Wednesday, the two companies said the ChatGPT maker would invest directly and indirectly in start-ups developing AI-based products or services through the venture capital arm of CDP.

The agreement should give Italian companies access to OpenAI’s advanced technologies and funding from U.S. venture capitalists, the statement added.

In April CDP Venture Capital said it would invest 1 billion euros ($1.11 billion) in AI and cybersecurity over the next five years.

The agreement follows a meeting between Italian Prime Minister Giorgia Meloni and OpenAI CEO Sam Altman on the sidelines of the UN General Assembly in New York last week, CDP and OpenAI said.

($1 = 0.9035 euros)

This post appeared first on investing.com

Previous Post

Finance firms more worried about global economy, BoE survey finds

Next Post

US ports strike: Morgan Stanley outlines implications of extended work stoppage

admin

admin

Next Post
US ports strike: Morgan Stanley outlines implications of extended work stoppage

US ports strike: Morgan Stanley outlines implications of extended work stoppage

Trending News

Salesforce stock price forecast: risky pattern emerges ahead of earnings

Salesforce stock price forecast: risky pattern emerges ahead of earnings

February 23, 2025
Sony considers acquiring Kadokawa: what’s driving the talks?

Sony considers acquiring Kadokawa: what’s driving the talks?

November 19, 2024
Roger Federer joins elite ranks of athlete billionaires

Roger Federer joins elite ranks of athlete billionaires

June 28, 2025
Subscribe to Insightful Word


    Recent News

    Dow futures soar 250 points today: 5 things to know before Wall Street opens

    Dow futures soar 250 points today: 5 things to know before Wall Street opens

    August 7, 2025
    Affirm stock price is rising: is it a buy before earnings?

    Affirm stock price is rising: is it a buy before earnings?

    August 7, 2025
    Intel stock plunges sharply after Trump calls on CEO to resign: here’s why rebound may take time

    Intel stock plunges sharply after Trump calls on CEO to resign: here’s why rebound may take time

    August 7, 2025
    Goldman Sachs boosts Nvidia price target to $200 ahead of Q2 earnings

    Goldman Sachs boosts Nvidia price target to $200 ahead of Q2 earnings

    August 7, 2025

    Recent News

    Dow futures soar 250 points today: 5 things to know before Wall Street opens

    Dow futures soar 250 points today: 5 things to know before Wall Street opens

    August 7, 2025
    Affirm stock price is rising: is it a buy before earnings?

    Affirm stock price is rising: is it a buy before earnings?

    August 7, 2025

    Latest News

    • Dow futures soar 250 points today: 5 things to know before Wall Street opens
    • Affirm stock price is rising: is it a buy before earnings?
    • Intel stock plunges sharply after Trump calls on CEO to resign: here’s why rebound may take time

    About Insightful Word

    • Contacts
    • Cookie Notice
    • Privacy Policy
    • Terms of Service
    • Trading tools
    • Contacts
    • Cookie Notice
    • Privacy Policy
    • Terms of Service
    • Trading tools

    Copyright © 2025 Insightfulword.com. All Rights Reserved.

    No Result
    View All Result
    • Investing
    • Stock
    • Economy
    • Politics

    Copyright © 2025 Insightfulword.com. All Rights Reserved.