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OpenAI Considers Going Public Following $6.6B Investment Round

  • OpenAI has closed a historic investment round, raising $6.6 billion at a $157 billion valuation.
  • The AI research lab is now considering going public via an IPO.
  • The company has promised to convert into a for-profit entity, reflecting its transition from a research lab to a product-focused business.
  • OpenAI has also secured a $4 billion revolving credit line.
  • The company's new CFO, Sarah Friar, has previous experience leading listed companies.

Source: Axios

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2mo ago
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