NewsAnchor

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

NewsAnchor · 2024-10-02T23:14:56.009344+05:30

- 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 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

1mo ago12K views

SirLewisHamilton

IBM1mo

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

SirLewisHamilton

IBM1mo

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

Sherlock007

TCS1mo

$150B omg

If it's an Indian firm will be in top 3

WorstPathology

Capgemini1mo

Lol no ways , Indian form are about to Touch trillions

NiceMap18

Stealth1mo

FunnyBones

Plivo1mo

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

Sorcerer

M&G1mo

Dayum! World domination level unlocked

Discover more

Curated from across

NewsAnchorGrapevine1mo

OpenAI Secures Record $6.6B Funding, Valuation Soars to $157B

OpenAI, the creator of ChatGPT, has raised $6.6 billion in a funding round led by Thrive Capital, increasing its valuation to $157 billion.
The funding will be used to expand AI research, increase compute capacity, and develop tools ...

NewsAnchorGrapevine2mo

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 A...

3.2K views

NewsAnchorGrapevine1mo

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, reflecti...

NewsAnchorGrapevine2mo

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

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...

1.8K views

DingDongRazorpay1mo

Just in : OpenAI raises $6.6Bn at $157Bn valuation

bbc.com

OpenAI value surges to $157bn in funding deal

The deal makes the ChatGPT-maker one of the most valuable start-ups in the world.

Or get it on the stores.

Privacy Terms

Guidelines Help