Investors Bet Big on OpenAI's $6bn Funding Round
- Investors are making an unprecedented bet on OpenAI, valuing the company at $150bn.
- Thrive Capital has already invested at least $1bn, with Apple, Nvidia, and Microsoft in talks to join.
- Despite the scale, some top investors like Andreessen Horowitz and Sequoia Capital are sitting out.
- OpenAI's revenues have surged to $3.6bn annually, but it still burns through over $5bn a year.
- The company faces fierce competition from Google and Meta, and must manage its transition from a start-up to a corporate giant.
Source: [Financial Times](https://www.ft.com/content/a8f9bd05-0999-415d-af86-c73e79ad5733)
- Thrive Capital has already invested at least $1bn, with Apple, Nvidia, and Microsoft in talks to join.
- Despite the scale, some top investors like Andreessen Horowitz and Sequoia Capital are sitting out.
- OpenAI's revenues have surged to $3.6bn annually, but it still burns through over $5bn a year.
- The company faces fierce competition from Google and Meta, and must manage its transition from a start-up to a corporate giant.
Source: [Financial Times](https://www.ft.com/content/a8f9bd05-0999-415d-af86-c73e79ad5733)
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Amazon
The secret history of Elon Musk, Sam Altman, and OpenAI
In 2018, Musk wanted to take charge of OpenAI to beat Google but others opposed the move, putting Altman at the helm.
https://www.semafor.com/article/03/24/2023/the-secret-history-of-elon-musk-sam-altman-and-openai