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 ...

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- 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)

Investors Bet Big on OpenAI's $6bn Funding Round

Journalist

Investors Bet Big on OpenAI's $6bn Funding Round- Grapevine

- OpenAI is aiming to raise at least $5bn at a $150bn valuation from investors like Apple, Nvidia, Microsoft, and Thrive Capital.
- The San Francisco-based AI start-up is in talks with investors to fund its ambitious AI model development plans.
- Thrive Capital, led by Josh Kushner, is expected to invest $1bn in this round.
- The total fundraising could exceed $6.5bn, with Microsoft already having committed $13bn to OpenAI.
- Despite rapid growth and $2bn in annual revenue, OpenAI remains lossmaking due to high development costs and increasing competition. 

 Source: [Financial Times](https://www.ft.com/content/dde0855e-4543-4d3a-8ff5-e6fb3c3ff305)

OpenAI aims to raise at least $5bn at $150bn valuation

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OpenAI raises fund at 90 billion dollar valuation. Becomes 3rd most valued private startup after Byte dance and SpaceX

Software Engineer

- OpenAI is in talks to raise a new funding round at a valuation exceeding $100 billion, according to The Wall Street Journal.
- Investors have already valued OpenAI at over $100 billion in secondary market deals, with companies like Rainmaker Securities and Caplight tracking these transactions.
- Thrive Capital, led by Josh Kushner, is reportedly leading the primary deal with a $1 billion investment, alongside potential investors Microsoft, Nvidia, and Apple.
- OpenAI's valuation has surged from $86 billion in September to bids valuing it up to $143 billion, driven by its rapid revenue growth, now tracking to hit $2 billion in ARR by year-end.
- The high valuation and investor interest in OpenAI are expected to boost secondary market activity and valuations for other AI companies like Anthropic, Cohere, and Hugging Face. 

 Source: [Techcrunch](https://techcrunch.com/2024/08/30/investors-are-already-valuing-openai-at-over-100b-on-the-secondaries-market/)

Investors Value OpenAI at Over $100B on Secondaries Market

- Safe Superintelligence (SSI), co-founded by Ilya Sutskever, has secured $1 billion in funding.
- The funds will be used to acquire computing power and hire top talent.
- SSI is valued at $5 billion and has 10 employees split between Palo Alto and Tel Aviv.
- Investors include Andreessen Horowitz, Sequoia Capital, and DST Global.
- Sutskever aims to develop safe AI systems that surpass human capabilities. 

 Source: [Reuters](https://www.reuters.com/technology/artificial-intelligence/openai-co-founder-sutskevers-new-safety-focused-ai-startup-ssi-raises-1-billion-2024-09-04/)

OpenAI Co-founder Sutskever's New AI Startup SSI Raises $1 Billion

- OpenAI reportedly discussing new funding round led by Thrive Capital
- Potential valuation exceeds $100 billion, up from previous $86 billion
- Thrive Capital expected to contribute $1 billion, Microsoft likely to participate
- OpenAI's annualized revenue surpassed $3.4 billion early this year
- Company projected to lose nearly $5 billion by year-end, having spent $8.5 billion on AI development 

 Source: [Techcrunch](https://techcrunch.com/2024/08/28/openai-reportedly-in-talks-to-close-new-funding-round-at-100b-valuation/)

OpenAI in Talks for Massive Funding Round at $100 Billion Valuation

- Apple and Nvidia reportedly discussing investment in OpenAI's new funding round
- Thrive Capital expected to lead with $1 billion investment
- Microsoft, OpenAI's largest investor, likely to participate
- OpenAI's ChatGPT integration boosting Apple's AI strategy
- AI arms race driving high valuations and investments across industries 

 Source: [The Hindu](https://www.thehindu.com/sci-tech/technology/apple-nvidia-in-talks-to-join-openai-funding-round-reports-say/article68584312.ece/amp/)

Apple and Nvidia in Talks to Invest in OpenAI, Valuation Could Exceed $100 Billion

- OpenAI is likely to change its complex corporate structure soon.
- Reports indicate talks of raising $6.5 billion at a $150 billion pre-money valuation.
- The deal depends on removing a profit cap for investors.
- CEO Sam Altman hinted at a shift towards a traditional for-profit model next year.
- OpenAI's nonprofit arm will continue to exist, focusing on AI that benefits everyone. 

 Source: [Techcrunch](https://techcrunch.com/2024/09/14/openai-could-shake-up-its-nonprofit-structure-next-year/)

OpenAI's Nonprofit Structure Faces Potential Overhaul

Emmett Shear is the new CEO of OpenAI

Digital Accessibility Technologist

- Microsoft and Apple have decided not to take board roles at OpenAI, highlighting growing regulatory concerns over Big Tech's influence on AI.
- Microsoft, which invested $13 billion in OpenAI, will withdraw from the board, citing confidence in the company's direction and deeming their observer role unnecessary.
- European and US regulators have expressed concerns about Microsoft's influence over OpenAI, prompting investigations into potential dominance and antitrust issues.
- The UK is also scrutinizing Amazon's $4 billion collaboration with AI company Anthropic, while the US probes Nvidia's dominance in AI chips.
- OpenAI will continue to engage with stakeholders through regular meetings to ensure collaboration on safety and security, following its transition from a nonprofit to a for-profit entity.

Microsoft and Apple Withdraw from OpenAI Board Amid Regulatory Scrutiny

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xAI rival of open ai chatgpt and Google bard...Have hired ex-engineers of Google deepmind, open ai, Microsoft..What's your views?

Musk launched xAI.

Project Coordinator

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Week back there were posts by linkedin engineers that linkedin is hiring SDEs and anyone can as referral and today they laid off 700 people.

Like whats happening man!!! Is the company dumb or what?

LinkedIn Layoffs India

- OpenAI plans to transition from a nonprofit to a for-profit company, sparking debate.
- Chief Technology Officer Mira Murati resigns, following other top executives' departures.
- The restructuring aims to attract investors, with a funding round of up to $6.5 billion.
- CEO Sam Altman and the nonprofit arm will hold stakes in the new for-profit entity.
- Murati cites a desire for personal exploration as her reason for leaving. 

 Source: [WSJ](https://www.wsj.com/tech/ai/openai-chief-technology-officer-resigns-7a8b4639)

OpenAI's Controversial Shift to For-Profit Amid Leadership Exodus

There are multiple companies worldwide leading the forefront of AI, with inovative strides in GPTs, Multi Agent models, GANs etc. However, most Indian AI startups are not working on the cutting edge. Rather, most of them are building wrappers around GPT-4 for a consumer experience.

With the lack of any meaningful innovation within this space, is it unreasonable for Indian founders to raise on similar multiples as our counterparts in the west?

Because honestly? I can see a lot of "crypto-nerd" founders shilling the new oil called "AI" after their previous NFT/crypto/ICO-crap didn't float.

[Thread] Will AI in India be the next Crypto?

Product Manager

We begin at 10:30pm 🕥 
Looking forward to seeing what does Google come up with after a stellar performance by OpenAI yesterday.

OpenAI has killed 10k+ Startups yesterday. Either Google stock going 🚀 or 🔻🔻

🟢 Live: Google I/O watchalong

Software Developer

- OpenAI's chief research officer Bob McGrew and research VP Barret Zoph have left the company, following CTO Mira Murati's exit.
- CEO Sam Altman announced the resignations and detailed leadership transition plans, promoting Mark Chen to SVP of research.
- Altman assured that the leadership changes were amicable and part of the company's natural evolution.
- The departures come amid reports of OpenAI transitioning to a for-profit entity, with Altman set to receive a 7% equity stake.
- OpenAI's all-hands meeting on Thursday is expected to reveal more details about the company's future direction. 

 Source: [Techcrunch](https://techcrunch.com/2024/09/25/openais-chief-research-officer-has-left/)

OpenAI's chief research officer leaves following CTO Mira Murati's exit

Been seeing a lot of articles by the publication praising google's gen AI model - Gemini and the strategy around it. Articles heavily implying doom is just around the corner for Open AI because Gemini is going to kill it.

I firmly think Open AI currently has a huge headstart, and is the model of choice for devs as well as general folks and google (where i also work) has a lot (A LOT!) of catching up to do. Does anyone get the same sense from their articles?

What is the deal with Analytics India Mag

Investor

What in the hell is happening

Product Marketing Manager

Legend says Sama refused to learn DSA for Microsoft Interview after getting inspired by some Indian LinkedIn Influencers.

Can someone confirm if Sama was asked DSA in his Microsoft interview ?

https://www.semafor.com/article/03/24/2023/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.

Investors Bet Big on OpenAI's $6bn Funding Round

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