Key Takeaways
- OpenAI’s valuation now exceeds $150 billion following a substantial funding round.
- Thrive Capital leads the investment, marking one of the largest in the tech industry.
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OpenAI has successfully raised over $6.5 billion in a recent funding round, catapulting its valuation to $157 billion, Bloomberg reported Wednesday.
The new valuation surpasses OpenAI’s previous valuation of $86 billion, making it one of the most valuable venture-backed private startups, alongside SpaceX and ByteDance. Led by Thrive Capital, with participation from other global investors, the round positions OpenAI as a top contender in the generative AI technology sector.
The AI startup, well-known for developing advanced AI models, including the GPT series, previously raised approximately $13.5 billion across 11 funding rounds. The latest investment will be used to support its operations, including computing power and other expenses.
The financial boost comes at a time when OpenAI faces major changes in its leadership and structure, including a series of high-profile executive departures. Recently, Mira Murati, a key figure in developing OpenAI’s ChatGPT, announced her resignation after more than six years with the company.
The company is reportedly considering restructuring its operations to transition from a non-profit controlled model to a for-profit benefit corporation. The change could facilitate greater investment opportunities. However, it raises questions about whether the company…
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