Holy cow $150 bn is insane 🤯 
 They must be cooking something

And they have raised 6.5 bn dollar  
 Many startups don't even have that much valuation

Software Developer

$150B omg 
  
 If it's an Indian firm will be in top 3

Lol no ways , Indian form are about to Touch trillions

Software Engineer

Senior Consultant

Finance Consultant

Kinda scary. The kind of investments being made in name of AI, if they don’t provide returns then it’ll harm everyone.

Founder’s office

OpenAI has secured $6.6bn in new funding and is now valued at $150bn, the highest in Silicon Valley's history.  The company has asked investors to avoid backing rival startups such as Anthropic and...

- OpenAI has secured $6.6bn in new funding and is now valued at $150bn, the highest in Silicon Valley's history.
- The company has asked investors to avoid backing rival start-ups such as Anthropic and Elon Musk’s xAI.
- OpenAI's move to seek exclusive relationships with investors could limit rivals' access to capital and strategic partnerships.
- The company's latest funding round was led by Thrive, a venture capital firm founded by Joshua Kushner.
- OpenAI plans to use the new funding to double down on its leadership in frontier AI research, increase compute capacity, and continue building tools that help people solve hard problems.

Source: [Financial Times](https://www.ft.com/content/66e0653e-c446-47b2-8a7f-baa54ccbfb9a)

OpenAI Secures $6.6bn Funding, Asks Investors to Avoid Rivals

OpenAI Secures $6.6bn Funding, Asks Investors to Avoid Rivals- Grapevine

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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

- 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

- 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

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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

- 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

- 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

- 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

- 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.

OpenAI Secures $6.6bn Funding, Asks Investors to Avoid Rivals

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