• OpenAI raised $6.6 billion in new funding at a $157 billion valuation
• This makes OpenAI one of the three largest venture-backed startups alongside SpaceX and ByteDance
• The massive investment underscores the tech industry’s belief in the power of AI and its costly research
OpenAI has completed a deal to raise $6.6 billion in new funding, giving the artificial intelligence company a $157 billion valuation. This bolsters OpenAI’s efforts to build the world’s leading generative AI technology.
Massive Private Investment
The $6.6 billion funding round is one of the largest-ever private investments. It makes OpenAI one of the three largest venture-backed startups alongside Elon Musk‘s SpaceX and TikTok owner ByteDance Ltd. The size of the investment underscores the tech industry’s belief in the power of AI and its appetite for the extremely costly research powering AI’s advancement.
Leading Investors
Thrive Capital, Nvidia, and Microsoft are among the leading investors in OpenAI’s massive new funding round. The deal comes after OpenAI has undergone big changes in the past year.
Looking Ahead
With the new funding secured, OpenAI will continue working to build the world’s most advanced AI systems. The company aims to develop AI that is safe, beneficial, and impactful for humanity.
