OpenAI, the company behind ChatGPT, has now raised $6.6 billion in a new funding round that values the company at $157 billion, nearly doubling its previous valuation of $86 billion, according to a report from The Wall Street Journal. The funding round comes with strings attached: Investors have the right to withdraw their money if OpenAI does not complete its planned conversion from a nonprofit (with a for-profit division) to a fully for-profit company. Venture capital firm Thrive Capital led the funding round with a $1.25 billion investment.
Comment on OpenAI is now valued at $157 billion
Benj Edwards, Ars Technica
Wed, 10/02/2024 - 12:56pm
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