OpenAI Nearly Doubles Valuation to $157 Billion in Funding Round

Historic funding round values OpenAI at $157 billion

New funding propelled ChatGPT-maker OpenAI to a valuation of $157 billion, the company said on Wednesday, sealing its place as the world leader on artificial intelligence. The company, founded in 2015 and led by Sam Altman, said that investors pumped in $6.6 billion in a funding round that was one of Silicon Valley’s biggest ever. “The new funding will allow us to double down on our leadership in frontier AI research, increase compute capacity, …

OpenAI Secures $6.6 Billion In New Funding At $157 Billion Valuation

OpenAI did not name the investors, but reports said that the funding round was led by New York-based venture capital firm Thrive Capital, including the company's biggest backer Microsoft and new

OpenAI Raises $6.6 Billion In Funds At $157 Billion Value

In a statement, the company said it would use the cash influx to drive forward AI research and increase its computing capacity.

ChatGPT maker OpenAI sees value nearly double to $157 billion after new funding round

OpenAI, the company behind artificial Intelligence chatbot ChatGTP, has secured new financing to the tune of $6.6 billion from a variety of investors. The start-up is now valued at $157 billion, on par with such groups as Uber or AT&T. It will have to commit to converting to a for-profit company within two years. Also in this edition: Argentinian students protest the government's freeze on higher education spending and US President Joe Biden cal…

OpenAI raises £5 billion in largest ever funding round

The funding values the ChatGPT maker at 157 billion US dollars (£118 billion), making it one of the most valuable start-ups in the world. ChatGPT maker OpenAI has raised 6.6 billion US dollars (£5 billion) in its latest funding round, the largest such deal of all time, valuing the company at 157 billion dollars (£118 billion). The deal makes OpenAI one of the most valuable start-ups in the world, with the funding round topping the six billion d…