The project is still in its early stages but people familiar with the matter say it may take months before it is ready.

Engineers at OpenAI began exploring the idea after repeated service disruptions on GitHub in recent months disrupted their work. Those outages forced internal teams to reassess how much they rely on external platforms.

From what has been reported, OpenAI has discussed offering the repository as a paid service to its existing customers. That would place it in direct competition with GitHub, which is owned by Microsoft.

Neither OpenAI nor Microsoft has publicly confirmed the plan. The companies did not respond to requests for comment at the time of publication.

If OpenAI moves forward, the decision would test its relationship with Microsoft. The software giant is one of OpenAI’s biggest backers and also controls GitHub, which serves more than 100 million developers worldwide. A competing product from OpenAI would be a rare overlap in their commercial interests.

In February 2026, OpenAI closed a $110 billion funding round that valued the company at $840 billion. Investors in that raise included Amazon, Nvidia and SoftBank.

The deal stands among the largest private capital raises to date and places OpenAI ahead of competitors such as Anthropic and Inflection in valuation terms.

For now, the proposed platform is still under development, with OpenAI still weighing whether to build more of its own infrastructure rather than depend on tools owned by partners.

The post OpenAI Develops GitHub Rival as $840bn Valuation Spurs Expansion appeared first on Tech | Business | Economy.

The company also launched North 2.0, a suite of new products merging FinOps, GreenOps, and AI to tackle the cost and complexity of multi-cloud infrastructure.

“This funding allows North.Cloud to deepen its commitment to solving the most pressing challenges in cloud cost management,” said Matt Biringer, co-founder and CEO. 

“We’re grateful to our investors for recognising the immense opportunity to accelerate savings, tackle complexity, and deliver sustainability-focused solutions tailored to our customers’ needs.”

Over the past year, North.Cloud has collaborated with the world’s preeminent engineering teams to monitor AWS and GCP bills, usage spikes, and commitments across fragmented dashboards. 

The newly released platform offers industry-first tools, including AI-powered recommendations, real-time fleet intelligence, and a sleek, user-first design, to deliver unprecedented clarity and actionability in cloud management. 

“We’ve been blown away by the speed and efficiency of the North team. Their unique approach consistently delivers significant savings over traditional cloud cost and visibility tools,” said Andrew Berg of Companyon Ventures. 

“With AI adoption accelerating, companies are seeing a surge in cloud usage and infrastructure complexity. North is perfectly positioned to meet this moment, helping teams stay agile and cost-efficient through automation that scales with demand.”

New Platform Highlights Include: 

• Arctic – Real-Time Commitment Automation: Arctic dynamically reallocates AWS and GCP commitments based on real usage, cutting compute costs by up to 55%—no forecasts or lock-ins needed.
• Coststreams – Cost Allocation Without Tags: Coststreams offers real-time cloud spend visibility by team or environment, without relying on inconsistent tags. Budgets are built-in and actionable.
• Agent North – AI-Powered FinOps Copilot: Ask plain-language questions in Slack or the app to analyse spend, flag anomalies, and generate instant FinOps insights, with no analyst required.
• GreenOps Impact Visualisations: Track carbon, energy, and water usage alongside cost metrics to align spend with environmental impact.
• Expanded Support for GCP: North now supports AWS and GCP optimisation in a unified workflow, bringing automation, savings, and visibility across multi-cloud environments.

Since its launch in late 2023, the platform has delivered extraordinary outcomes, including:

• Generating $0 to $6M in ARR in just 14 months.
• Achieving up to 50% savings on AWS compute spend.
• Onboarding customers in under 5 minutes, with first savings surfaced within 30 minutes.
• Ranking in the top 1% of AWS savers globally.

Already supporting verticals like content platforms, healthcare, fintech, and e-commerce, North.Cloud supports innovators like Brave and Stayntouch, helping organisations modernise infrastructure and simplify financial operations.

The public cloud today handles $200 billion in annual technology spend. Despite being one of the most complex licensing ecosystems ever made, over 95% of this spending is still managed with a credit card and a spreadsheet. 

With the AI boom poised to supercharge this category to over $1 trillion by 2030, the need for better tools has never been greater. 

The post North.Cloud Raises $5M, Launches AI-Powered Platform to Simplify, Cut Cloud Costs appeared first on Tech | Business | Economy.

Morgan Stanley, which led the deal, confirmed on Monday that xAI had closed a $5 billion debt financing round made up of secured notes and term loans. 

The deal, according to the bank, was oversubscribed and attracted major institutional investors across the globe.

Simultaneously, xAI closed a separate $5 billion strategic equity investment. Though the identities of the backers have not been disclosed, Bloomberg previously reported that the startup had been negotiating a $4.3 billion equity round with investors. 

That conversation is part of a larger funding goal, Musk’s team is reportedly looking to raise as much as $20 billion in equity that could push the company’s valuation beyond $120 billion. Some insiders are even betting on a $200 billion ceiling.

The funds are earmarked for aggressive expansion. A key priority is scaling up computing infrastructure through data centres tailored to handle vast AI workloads. 

The capital will also accelerate development of Grok, xAI’s core conversational platform integrated into X (formerly Twitter), and help the company move toward building its own custom chips, codenamed “Gigafab”, to reduce dependence on Nvidia’s high-demand GPUs.

Musk launched xAI in 2023 after parting ways with OpenAI, the company he co-founded. He has positioned xAI as a rival not just to OpenAI, but also to players like Google DeepMind and Anthropic. 

His approach is more unorthodox, Grok is marketed as a “rebellious” chatbot, an alternative to the more filtered responses seen in other models.

The debt raise and equity injection together represent one of the largest combined funding moves by a private tech startup in recent memory. 

It comes as global competition increases. OpenAI has a $51 billion partnership with Microsoft, while Amazon has poured $4 billion into Anthropic. These alliances are about access to compute power, chips, and distribution.

“The deal was oversubscribed and included prominent global debt investors,” Morgan Stanley stated in a post on X.

Musk has previously argued that building AGI, artificial general intelligence, requires vertical control over data, chips, energy, and distribution. This latest funding round gives xAI the firepower to attempt just that.

xAI has not issued a formal statement regarding the funding, and representatives did not respond to requests for comment at the time of filing. 

But then, we see that Musk is going all-in on building a scalable AI ecosystem, and investors, despite earlier doubts, are willing to put serious money behind it.

The post Elon Musk’s xAI Secures $10 Billion for Infrastructure and Expansion appeared first on Tech | Business | Economy.

This arrangement lets Grammarly scale aggressively without compromising its valuation or control.

The investment comes from General Catalyst’s Customer Value Fund (CVF), a fund structured specifically for late-stage startups that already have stable revenue. CVF doesn’t behave like a typical venture capital arm, it doesn’t buy equity. 

It issues non-dilutive capital, secured against a company’s predictable income streams. For Grammarly, that’s an edge as it scales through the post-ZIRP (Zero Interest Rate Policy) market.

Grammarly, founded 14 years ago, generates more than $700 million annually and claims 40 million daily users. But the firm is changing direction, beyond grammar checks, toward a full-scale AI productivity suite. 

The December 2024 acquisition of Coda, a productivity startup, marked a clear pivot. Shishir Mehrotra, Coda’s former CEO, now leads Grammarly’s next phase.

“Grammarly is evolving into an AI-powered productivity company,” Mehrotra said after the acquisition. The company is integrating third-party tools and moving into enterprise workflows, a strategy that demands aggressive go-to-market expansion and targeted acquisitions, both areas the new funding will support.

Again, the deal does not affect Grammarly’s valuation. Although it hit a $13 billion valuation during the height of the zero-interest boom in 2021, its current market value remains under wraps. An insider told us that today’s valuation is “significantly lower,” but didn’t offer figures. 

Regardless, the nondilutive nature of the CVF deal ensures Grammarly doesn’t have to renegotiate that number down.

General Catalyst, through CVF, has backed close to 50 firms, including insurtech startup Lemonade and telehealth company Ro. The fund operates independently from the firm’s recent $8 billion raise and has its own limited partners. 

In a past interview, CVF co-head Pranav Singhvi said the model is designed for “companies that are ready to grow, not experiment.”

The absence of equity transfer in the Grammarly deal is deliberate. “It’s capital that’s deeply aligned with business growth,” Singhvi explained.

Per TechCrunch, Grammarly didn’t respond to requests for comment on future IPO plans, though Mehrotra has hinted at it before. There’s no timeline yet, but if the firm continues scaling at this pace, a public offering could follow sooner rather than later.

The post Grammarly Secures $1 Billion from General Catalyst appeared first on Tech | Business | Economy.