According to The Information, OpenAI received an implied valuation of nearly $20 billion in a stock sale that took place last year. The participants in the stock sale reportedly included Sequoia Capital, Tiger Global Management, Bedrock Capital and Andreessen Horowitz.

OpenAI, whose text- and image-generating artificial intelligence has become a mainstream hit, is in advanced talks to raise more funding from Microsoft, which previously backed the startup with capital that includes credits to use Microsoft's Azure cloud computing services to develop its technology, according to a person with knowledge of the discussions. A new deal could help Microsoft grow Azure usage, one of its top priorities, while keeping OpenAI's business away from rivals including Amazon Web Services and Google Cloud. The talks follow a previously undisclosed sale of OpenAI stock by existing shareholders last year to investors including Sequoia Capital, Tiger Global Management, Bedrock Capital and Andreessen Horowitz. In that deal, the price of the shares implied a valuation of nearly $20 billion for the seven-year-old startup, said several people with knowledge of the deal.

Microsoft is in advanced talks for a new round of funding in OpenAI, according to a person familiar with the matter, as the software giant seeks to further incorporate artificial intelligence into its products. No deal has been reached between the two sides and the funding amount could vary as negotiations evolve, the person said. The companies have held talks in recent weeks, according to people familiar with the matter. Microsoft invested $1 billion in OpenAI in 2019. The new cash could help bankroll the tremendous computing power OpenAI needs to run its various artificial intelligence products on Azure, Microsoft's cloud computing service.

LONDON/NEW YORK – Nvidia Corp. is in advanced talks to acquire Arm Ltd., the chip designer that SoftBank Group Corp. bought for $32 billion four years ago, according to people familiar with the matter. The two parties aim to reach a deal in the next few weeks, the people said, asking not to be identified because the information is private. Nvidia is the only suitor in concrete discussions with SoftBank, according to the people. A deal for Arm could be the largest ever in the semiconductor industry, which has been consolidating in recent years as companies seek to diversify and add scale. But any deal with Nvidia, which is a customer of Arm, would likely trigger regulatory scrutiny as well as a wave of opposition from other firms.

If you recall, back in March this year, there were reports that the Google-owned robotics engineering firm Boston Dynamics has been put up for sale. At that time Toyota and Amazon were named as possible buyers. Now, it is being reported that Toyota is in advanced talks with Google over a possible deal, with the report saying that the "ink is nearly dry." The financial details aren't yet known though. The report notes that Toyota plans to make Boston Dynamics part of the Toyota Research Institute (TRI), a recently-announced division (based in Silicon Valley) that focuses on artificial intelligence and robotics research.