AI and Startups: Exploring OpenAI's Record-Breaking Funding Round
Thursday, 3 October 2024, 06:44
AI and Startups: A Groundbreaking Funding Event
OpenAI has made headlines with its recent funding round, raising an astonishing $6.6 billion which values the company at $157 billion. This is the largest VC round in history, placing OpenAI among the most valuable tech startups globally, alongside companies like SpaceX and ByteDance.
Key Investors in OpenAI's Funding Round
- Thrive Capital, led by Josh Kushner
- Cathy Wood's Ark Venture Fund
- Chase Coleman's Tiger Global
- Microsoft, a longtime backer
- New entrants: Nvidia and SoftBank
This massive funding infusion comes at a time when OpenAI is facing significant transitions, including the recent departure of CTO Mira Murati and plans to evolve into a for-profit corporation.
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