Entertainment
An AI 'gold rush.' What to know about OpenAI's record $40-billion funding round
SAN FRANCISCO — ChatGPT maker OpenAI this week announced it raised a whopping $40 billion as it races to dominate a competitive AI landscape against tech giants like Google, and rivals including Anthropic and Chinese upstart DeepSeek.
The investment was the highest ever raised for a startup and places OpenAI at a $300-billion valuation, tying it with TikTok parent company ByteDance and behind the $350-billion valuation for Elon Musk’s SpaceX, according to research firm CB Insights.
“It’s a gold rush of epic proportions of gold rushes before,” said Ben Bajarin, chief executive and principal analyst at San José-based consulting firm Creative Strategies. “They’re not sitting on hoards of cash like Amazon, Microsoft and Google … they have to raise that money in order to compete with those three companies and that’s what you’re seeing.”
OpenAI’s funding round shows how much investors are willing to pour into technology that has the potential to disrupt entertainment, healthcare, education and other major industries. The rising popularity of ChatGPT, released in 2022, set off a race among tech companies that could change how people work.
The ability of AI-powered chatbots to quickly generate text and images has sparked concerns among some creatives over how AI models are trained and copyright holders are compensated. But tech companies have also pointed to AI’s potential benefits such as combating diseases and climate change.
Here’s what to know:
How does the deal work?
Softbank said it plans to fund up to $30 billion of the $40-billion investment round and will syndicate no more than $10 billion to other co-investors.
Softbank has the option to reduce its amount of investment to $20 billion if OpenAI does not change its business structure to a for-profit business by the end of this year, according to a person familiar with the matter who was not authorized to comment.
OpenAI began as a nonprofit in 2015 and later launched a for-profit subsidiary to oversee its commercial operations. The company is exploring changing the for-profit subsidiary to a public benefit corporation.
Elon Musk, who founded xAI, opposes OpenAI’s restructuring plan because he believes it veers away from the company’s founding principles and misleads investors. Meta also raised concerns about the transition, telling California Atty. Gen. Rob Bonta in a letter last year that it would have “seismic implications for Silicon Valley” because investors would have an incentive to launch organizations first as nonprofits and benefit from tax-free donations.
What will OpenAI use the money for?
OpenAI said the funding will help the San Francisco-based company conduct AI research, release more powerful tools for the 500 million people who use ChatGPT weekly and grow its computing infrastructure such as data centers. People use ChatGPT to quickly generate text and images, search, brainstorm and complete other tasks.
“This investment helps us push the frontier and make AI more useful in everyday life,” said OpenAI’s Chief Executive Sam Altman in a statement.
Softbank, which led the investment round, said it’s backing OpenAI because the company is the closest to achieving what’s known as artificial general intelligence. OpenAI describes AGI as “AI systems that are generally smarter than humans,” making it possible for people to get help with any tasks. Softbank also cited an effort called Stargate they announced with President Trump in January to invest $500 billion in AI infrastructure over the next four years.
About $18 billion of the investment round will go toward Stargate, according to a person familiar with the matter who declined to be named.
“Their support will help us continue building AI systems that drive scientific discovery, enable personalized education, enhance human creativity, and pave the way toward AGI that benefits all of humanity,” OpenAI said in a post announcing the funding round.
Bajarin said OpenAI will need to expand its infrastructure to power the use of its AI tools. After OpenAI released a new image generator in March that people used to turn themselves into Studio Ghibli-style characters, the startup warned of delays as it dealt with a surge in traffic.
How will this affect the race to dominate AI?
OpenAI still faces plenty of competition from rivals.
“No one knows who’s going to be the winner in AI, and it’s probably not one winner,” said Mike Gualtieri, vice president and principal analyst at Forrester, a research and advisory firm based in Massachusetts.
Rivals such as Google and Meta already gather a trove of valuable data on their users and created apps used by billions of people, he said. Startups don’t always end up winning the race against their more established rivals. Blackberry, for example, dominated the market with a device that paired a phone with a physical keyboard — until Apple introduced its groundbreaking iPhone with a touchscreen.
OpenAI also faces competition from China, where startups such as DeepSeek claim they can compete against ChatGPT at a much lower cost.
“In order to compete with DeepSeek, you got to be better than DeepSeek, and they need this kind of money to do just that,” said Gene Munster, managing partner at Minneapolis-based Deepwater Asset Management.
It’s unclear whether the multibillion-dollar bets on AI’s future will pay off for investors, but infrastructure such as data centers is still a valuable asset for companies.
AI companies could make money from their models by striking business partnerships and releasing applications for consumers and businesses. “You need to get some data to be unique, to have some value, or they need applications,” Gualtieri said.
Jeffrey Wlodarczak, a principal and senior analyst at Pivotal Research Group, said he wouldn’t rule out ChatGPT as a big contender in the AI race against tech giants.
“The big question is … to win, do you have to spend the most?” Wlodarczak said.
Movie Reviews
‘Evil Dead Burn’ Movie Review – Spotlight Report
Sam Raimi‘s Evil Dead films and TV series are a fine example of creativity within constraints, playfulness, self-awareness and outright slapstick comedy. The Evil Dead series after Raimi is very, very different. Starting with 2013’s Evil Dead by Fede Álvarez, followed by Evil Dead Rise by Lee Cronin, the new series takes itself more seriously and emphasises pure horror, violence and gore. Some have considered this praiseworthy as it avoids being a mere retread of the old films, but the reception has been mixed.
In Sébastien Vanicek’s Evil Dead Burn, Alice (Souheila Yacoub) loses her abusive husband (George Pullar) to a motor accident. When she goes home to stay with his family, the consequences of the work of their dead grandfather researching the Necronomicon and the Deadites manifest in terrible ways. One by one, the family are turned into the Evil Dead.
Horror is a genre that depends on you relating to the protagonists so you care what happens to them. In the case of Evil Dead Burn, Yacoub does a decent job with the character she’s given, but the gonzo horror elements manifest so early in the film that she may as well be collateral damage in the onslaught, especially as the film’s early point of view is that of her brother-in-law (Hunter Doohan).
Fans of gory violence will get their money’s worth here, but there’s not a lot going on besides that. The film is a descent into madness and carnage that is so resolutely unpleasant that, after some of the early kills, it becomes numbing. It’s hard to gather what the tone is supposed to be, with lots of callbacks to the early films’ style by setting up inevitable kills with Chekhov’s weed trimmer, Chekhov’s fork and every other potentially dangerous prop the camera lingers on. The family are all deeply unpleasant at some level and so their deaths register as meaningless. Yes, the film has the obligatory something to say about how our tendency to ignore domestic abuse creates demons that destroy families, but then absolutely panders to bloodlust by absolutely revelling in some of the most extreme violence imaginable between family members (and a pet). To say this is not a film for the sensitive is to understate things considerably. This is a film that absolutely earns its content guidance warnings.
Is there any comedy? Some, but it feels out of place given the absolute brutality inflicted on the cast. While most of the other films were self-aware about setting up a ludicrously grisly end for a villain as a payoff, in Evil Dead Burn,the kills have very little flair. It’s also hard to know what the rules for getting rid of a Deadite are, as some of them are still upright and chatty after losing most of the contents of their skull and some are dispatched by the repeated application of a blunt object to the head. Towards the end, a McGuffin is added to make the kills final, but before that, who knows?
Should you watch Evil Dead Burn,? It certainly gets vocal reactions from audiences in a cinema, and if you’re a gorehound you’ll be in for a ride. If you’re a horror fan, it’s certainly a horror film, but violent instead of scary. If you’re just a fan of cinema who likes good films whether or not they’re horror films, then this will be an alienating watch. In Evil Dead Rise the decay of the family was more than background noise and factored into the circumstances of the individual deaths, but not here. It has slight pretences of being a film with Themes and Ideas, but in the end it just feels like an excuse to serve up limbs being mutilated, skulls being crushed and any number of stabbings, slicings and gougings rendered with psychopathic visual fidelity. If that’s what you’re after, that’s what it’s got.
Entertainment
‘Children of Blood and Bone’ author won’t see film after feud with star Amandla Stenberg
Tomi Adeyemi, the author of the bestselling fantasy “Children of Blood and Bone,” isn’t planning to see the forthcoming film adaptation — even though she co-wrote it.
Over the weekend, the Nigerian American author posted a video on TikTok addressing fans who have been asking her the same question, “Why don’t you post about the adaptation of your first film adaptation anymore?”
“There is a reason I will not post anything about the adaptation of my work,” the author wrote in what appear to be screenshots of a group chat. “I have not seen the film, and I will not watch it.”
The adaptation of the first installment of Adeyemi’s “Legacy of Orïsha” fantasy trilogy is slated to hit theaters in January 2027. Gina Prince-Bythewood — who wrote and directed “Love & Basketball” and helmed “The Woman King” — is directing. The film stars Amandla Stenberg, Thuso Mbedu, Tosin Cole, Damson Idris, Cynthia Erivo, Lashana Lynch, Regina King, Idris Elba, Chiwetel Ejiofor and Viola Davis.
Alongside the screenshots of her comments in the group chat, she shared a February 2025 exchange with Stenberg that shows the author severing ties with the actor.
Adeyemi shared only her final message to Stenberg, which reads, “Do not ever use my name in an interview or video again. Do not text me. Do not call me.” That exchange is followed by a notification that she blocked Stenberg, who plays Princess Amari in the upcoming fantasy flick.
The message from Stenberg that preceded Adeyemi’s reply is not shown in full.
Stenberg, who played Rue in “Hunger Games,” Starr Carter in “The Hate U Give” and, recently, Verosha “Osha” Aniseya and Mae-ho “Mae” Aniseya in Disney’s “Star Wars” series “The Acolyte,” had been getting flack from readers of the series, who claimed colorism was an issue while casting the movie.
In February 2025, Stenberg posted a since-deleted nine-minute TikTok addressing the controversy and told followers that Adeyemi had given the actor her blessing when cast as the series’ princess.
“I am four months into training for ‘Children of Blood and Bone’ and I am getting my ass whooped,” Stenberg joked in the video, per BET.
“This year was mostly defined for me, honestly, by contending with what it felt like to receive racist death threats just for existing in the ‘Star Wars’ universe, and that was a really difficult thing for me to move through,” she continued. “But honestly, it feels so much more painful for me to feel like I’m at odds with my own community.”
Stenberg said that she considers her skin tone when navigating her career choices and would “never go after a role” she didn’t feel well suited for. “I know that colorism is an insidious system that relentlessly impacts every facet of entertainment.”
The actor continued that it was actually a meeting with the “Children of Blood and Bone” author that gave her the confidence to pursue the role.
“I had the opportunity to meet Tomi, the novelist, for the first time. … And she goes, ‘Amandla, I want you to know that when you were a little girl and you were cast as Rue in “The Hunger Games,” and people said that Rue’s death wouldn’t be as sad because you’re a Black girl — that inspired me to write this series so that Black girls like you and Black girls of all shades could have a story written about them,’” Stenberg said in the video. “We started crying, and I said to myself, ‘God wants me here.’”
Representatives for Stenberg, Adeyemi and Prince-Bythewood did not immediately respond to The Times’ request for comment.
Movie Reviews
‘Night Nurse’ Review: A Caretaker Explores Her Kink for Elder Abuse in the Year’s Strangest Erotic Thriller
There are any number of erotic thrillers in which rich old men are robbed blind and/or left for dead, but Georgia Bernstein’s admirably bizarre “Night Nurse” might be the first movie of its kind where elder abuse is the source — and possible subject— of its erotic thrills. If there are others, I’m not sure I want to know.
But this woozy debut feature doesn’t rely on its audience being turned on by the relationship between a nubile caretaker and her dementia-addled patient. Their psychosexual bond, meanwhile, hinges on cold-calling vulnerable old people under the guise of a grandchild in financial distress. (“I’m in trouble, nana, send me $10,000 or I’ll be left to rot in jail!” That sort of thing). With its slim wisp of a premise stretched into a Strickland-esque dreamscape that substitutes kink for conflict, the film itself hardly seems convinced by its own wrinkled lust — all desperate kisses and non-touching poses of subservience. More important to Bernstein is what that lust reveals about her characters’ deepest needs, specifically how their need to care and be cared for can be as easily perverted as any other form of desire.
As moody and weightless as the noir-accented score that blows through the movie like a curlicue gust of wind in an old cartoon (credit to musicians Sam Clapp and Steven Jackson), “Night Nurse” lacks the pulse required for its stray feelings to come alive. Still, the film ambiently taps into the latent eroticism of teasing out the distance between how you see yourself and who you really are. Bernstein plays with that distance like a telephone cord wrapped around her fingers, and Eleni — played by the excellent newcomer Cemre Paksoy, powerfully helpless — only frays even more as the receiver is brought near the hook. “Everything I did before today wasn’t me,” the nurse tells co-worker Mona (Eleonore Hendricks) after starting a new job at an Illinois retirement home. “It was somebody else.”
What she did before today remains unexplored (specifically, what she did to get herself fired from her last gig), but I’m guessing she’s probably changed less than she thought. There’s a faraway flicker in her eyes the moment she catches the vibe between Mona and Douglas (a ribald and elusive Bruce McKenzie), a white-haired seventysomething who shows early signs of dementia but still commands an undiminished sexual energy. “I’m not an invalid,” he coos as Mona bathes him in the tub, to which she replies, “yes, you are,” in a supplicant tone that hints at a rich history of power games between them.
Later that same night, Douglas will force Eleni to call a stranger, pretend that she’s their granddaughter, and ask for money — he’ll wrap the phone cord around the nurse’s body as she talks and shove her against the wall as they kiss. She’s into it. So into it that he has to clarify the terms of his whole deal: “If you’re looking for a pogo stick, I’m really not your guy.” But Eleni isn’t looking for anything to bounce on. She just wants to be needed, and maybe to need someone in return. Someone who will see her for who she really is and allow her the fantasy of pretending she isn’t being herself when she cons vulnerable strangers out of their money — when she exploits how enthralled those strangers are by the care they have for their loved ones.
“Night Nurse” doesn’t belabor the psychology, as Bernstein prefers to express her story through heavy-lidded suggestion. Somnambulating from the moment it starts, the film moves through a series of beautifully arranged poses that stretch their latent meaning thin across the surface (Lidia Nikonova’s cinematography lacquers every shot with a seductive dreaminess). We see Douglas smoking in a lawn chair with Mona and Eleni curled around his feet. Eleni riding in the backseat of a convertible as the wind blows through her curls. The full staff of nurses — all of them under Douglas’ sway — stumbling around his condo in a state of zonked out bliss as they roll on the prescription drugs they’ve stolen from the residents.
Once you’ve seen one shot of this movie, you’ve practically seen them all, at least until things escalate during a rushed and unsatisfying third act that forces Eleni into an honest confrontation with herself. People will do just about anything to feel needed — they’ll give whatever degree of care allows them to receive it in return. “Night Nurse” understands that desire, but remains far too numb to treat it.
Grade: C+
The Independent Film Company will relase “Night Nurse” in theaters on Friday, July 10.
-
Washington2 minutes agoTrump’s proposed 250ft Washington arch clears key planning hurdle
-
Wisconsin8 minutes agoA Wisconsin family is suing Target after their 10-month-old died from swallowing a water bead
-
West Virginia14 minutes agoHow midsummer wild berries connect people, wildlife, and West Virginia’s forests – West Virginia Explorer
-
Wyoming17 minutes agoFourth Annual Wyoming Firearms & Outdoor Recreation Expo, Wyoming Governor’s Match returning to Casper July 18, 19
-
Crypto22 minutes agoBitdeer Invests $36 Million in First US Sealminer Factory as Bitcoin Mining Margins Stay Tight
-
Finance30 minutes agoHow AI Is Evolving in Sage Intacct and What It Means for Finance Teams | CBIZ
-
Fitness32 minutes agoTim Henman, 51, Has Barely Aged Since Retiring – Here’s His Fitness Formula
-
Movie Reviews44 minutes ago‘Evil Dead Burn’ Movie Review – Spotlight Report
