OpenAI Nearly Doubles Valuation to $157 Billion in Funding Round
- OpenAI has raised $6.6 billion in new funding, achieving a valuation of $157 billion, nearly double its previous valuation of $80 billion earlier this year.
- The funding round was led by Thrive Capital, with participation from Microsoft, Nvidia, SoftBank, and others, according to a knowledgeable source.
- OpenAI expects a net loss of $5 billion on $3.7 billion in revenue for 2024 while targeting $11.6 billion in revenue next year.
144 Articles
144 Articles
ChatGPT chatbot developer OpenAI raised $6.6 billion in a new investment, reports The Wall Street Journal.
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
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…
Shropshire Star
OpenAI raises £5 billion in largest ever funding round
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).
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