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OpenAI Raises $6.6 Billion in Funds at $157 Billion Value.

Authors :
Ghaffary, Shirin
Roof, Katie
Metz, Rachel
Bass, Dina
Source :
Bloomberg.com; 10/4/2024, pN.PAG-N.PAG, 1p
Publication Year :
2024

Abstract

OpenAI, an artificial intelligence company, has raised $6.6 billion in funding, giving it a valuation of $157 billion. The funding round was led by Thrive Capital and included investments from Microsoft, Khosla Ventures, Fidelity Management & Research Co., Nvidia, and others. OpenAI plans to use the funds to advance AI research and increase its computing capacity. The company's success highlights the tech industry's belief in the power of AI and its potential for significant advancements. [Extracted from the article]

Details

Language :
English
Database :
Complementary Index
Journal :
Bloomberg.com
Publication Type :
Periodical
Accession number :
180112420