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News in English (USA) / 03.10.2024 / 15:00

OpenAI Raises $6.6 Billion, Boosting Valuation to $157 Billion

OpenAI has successfully closed a significant funding round, raising $6.6 billion and nearly doubling its valuation to $157 billion. Notably, this funding round included major investments from tech giants Microsoft and Nvidia, positioning OpenAI as the second-largest startup globally. In light of this new valuation, OpenAI has urged investors to avoid backing rival AI startups, such as Elon Musk's xAI. As the company pivots from its nonprofit origins, it faces scrutiny about its future, particularly from the wave of investors who see immense potential in AI technologies.
BBC.com, Axios, Yahoo Finance, The Wall Street Journal, Business Insider, Forbes, SFGATE, The New York Times, MarketWatch, GeekWire