CosmicTaco
CosmicTaco

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

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2mo ago3.2K views
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