VentureBeat October 2, 2024
Despite a wave of executive departures in recent months, OpenAI has today announced an expected new funding round.
It was always expected to be a whopper, but the amount it raised — $6.6 billion at a $157 billion total company valuation — now makes it the largest venture capital round in history to date, according to Axios.
The round was led by Thrive Capital, according to Bloomberg, while CNBC notes that heavy hitters including Nvidia and Microsoft plowed more cash into this round as well.
In announcing the funding on its website, OpenAI noted that ChatGPT alone counts more than 250 million weekly unique users.
“The new funding will allow us to double down on our leadership in frontier AI...
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