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Technology Exhibition and Program Market of the Arab States Broadcasting Union Launched in Tunis

A general view of Habib Bourguiba Avenue in downtown Tunis, virtually deserted on the first day of a general lockdown to stop the spread of the coronavirus disease (COVID-19) ordered by Tunisia's president, in Tunis, Tunisia, March 22, 2020. (Reuters)
A general view of Habib Bourguiba Avenue in downtown Tunis, virtually deserted on the first day of a general lockdown to stop the spread of the coronavirus disease (COVID-19) ordered by Tunisia's president, in Tunis, Tunisia, March 22, 2020. (Reuters)
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Technology Exhibition and Program Market of the Arab States Broadcasting Union Launched in Tunis

A general view of Habib Bourguiba Avenue in downtown Tunis, virtually deserted on the first day of a general lockdown to stop the spread of the coronavirus disease (COVID-19) ordered by Tunisia's president, in Tunis, Tunisia, March 22, 2020. (Reuters)
A general view of Habib Bourguiba Avenue in downtown Tunis, virtually deserted on the first day of a general lockdown to stop the spread of the coronavirus disease (COVID-19) ordered by Tunisia's president, in Tunis, Tunisia, March 22, 2020. (Reuters)

The technology exhibition “ASPO” for radio, television, and program market was launched in the City of Culture in the capital, Tunis. Organized by the Arab States Broadcasting Union (ASBU) within the framework of the 24th session of the Arab Radio and Television Festival, the event included 90 exhibitors distributed over 98 pavilions, SPA reportd.
The Acting Minister of Culture Affairs of Tunisia, Moncef Boukthir; the President of the Arab States Broadcasting Union and CEO of the Radio and Television Corporation, Mohammed bin Fahd Al-Harithi; and the Director-General of the Union, Eng. Abdel Rahim Suleiman co-opened the exhibition.
The most famous and oldest international companies that manufacture modern, integrated, and multimedia radio and television equipment, production and distribution companies for audio-visual content, both Arab and international, and providers of advanced services and technology, in addition to ASBU member bodies, television networks, private radio stations, and Arabic-speaking international satellite channels, are participating in ASPO and the software market.
On the sidelines of the opening of the technology exhibition, Al-Harithi presented honorary shields to a number of Tunisian and Arab media figures and personalities at the Kingdom of Saudi Arabia’s pavilion.

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OpenAI to Raise $40 Billion to Boost AI Efforts

A keyboard is placed in front of a displayed OpenAI logo in this illustration taken February 21, 2023. (Reuters)
A keyboard is placed in front of a displayed OpenAI logo in this illustration taken February 21, 2023. (Reuters)
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OpenAI to Raise $40 Billion to Boost AI Efforts

A keyboard is placed in front of a displayed OpenAI logo in this illustration taken February 21, 2023. (Reuters)
A keyboard is placed in front of a displayed OpenAI logo in this illustration taken February 21, 2023. (Reuters)

OpenAI said on Monday it would raise $40 billion in a new funding round led by SoftBank Group at a $300 billion valuation to advance AI research, expand computational infrastructure and enhance its tools.

SoftBank would provide 75% of the funding, according to a person familiar with the matter, with the remainder coming from Microsoft, Coatue Management, Altimeter Capital and Thrive Capital.

OpenAI said it looks to deliver increasingly powerful tools for the 500 million people who use ChatGPT every week.

Investor enthusiasm for the artificial intelligence sector has surged significantly in recent years, driven by widespread adoption of chatbots and the emergence of sophisticated AI agents.

Enterprises have integrated AI solutions to streamline their operations and enhance customer experiences, while venture capital firms compete to back promising AI startups.

San Francisco-based OpenAI had closed a $6.6 billion funding round in October, which valued the company at $157 billion. The new funding round would nearly double the valuation of the AI startup.

"OpenAI has very ambitious plans on many fronts and needs a lot of capital to achieve these goals," D.A. Davidson & Co analyst Gil Luria said.

"The list of investors wanting to support that scope has shrunk and may be largely limited to SoftBank, which itself may not have the necessary capital."

OpenAI is partnering with SoftBank and Oracle to establish a network of data centers under the $500-billion Stargate project, aimed at powering artificial intelligence workloads in the United States.

Microsoft-backed OpenAI also plans to revamp its structure, saying it would create a public benefit corporation to attract more investment and resources while balancing shareholder interests with public benefits.

OpenAI must transition to a for-profit company by the end of the year to secure the full $40 billion funding led by SoftBank, a person familiar with the matter told Reuters on Friday.

With the latest funding, OpenAI will join the ranks of the most valuable private companies, such as SpaceX, China's ByteDance and Stripe.