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OpenAI raises $6.6B and is now valued at $157B

TechCrunchTechCrunch · 26d
OpenAI raises $6.6B and is now valued at $157B

- OpenAI has recently closed the largest VC round, raising $6.6 billion in funding. - The funding values OpenAI at $157 billion post-money, making it the world's best-funded AI startup. - Investors in the funding round include Thrive Capital, Microsoft, Nvidia, SoftBank, Khosla Ventures, Altimeter Capital, Fidelity, and MGX. - OpenAI plans to utilize the funds to further invest in frontier AI research, increase compute capacity, and develop tools to assist in solving complex problems. - The company has requested investors to avoid supporting rival startups Anthropic and xAI. - OpenAI projects its revenue to reach $100 billion in 2029 and faces competition from other AI startups and tech giants such as Google, Amazon, and Meta.

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