In a groundbreaking deal, OpenAI has secured $6.6 billion in new funding, skyrocketing its valuation to $157 billion. This massive round of investment, one of the largest in private market history, positions OpenAI as a leader in AI innovation.
Thrive Capital, led by Josh Kushner, led the funding with $1.3 billion, followed by Microsoft's $750 million contribution, bringing its total investment in OpenAI to nearly $14 billion. Other major investors include Nvidia, Khosla Ventures, Fidelity, and global entities like Japan's SoftBank and Abu Dhabi's MGX.
OpenAI plans to use the funding to accelerate AI research, expand computing capacity, and develop new AI tools. "This investment allows us to double down on frontier AI research and help people solve tough problems," the company said.
OpenAI's rise began with the launch of ChatGPT in 2022, which now has 250 million weekly active users. Despite its rapid growth, OpenAI has faced challenges, including leadership shake-ups and debates about transitioning from its nonprofit structure to a for-profit model.
With competitors like Google and Amazon pushing their own AI efforts, OpenAI remains focused on maintaining its edge in the evolving AI landscape.
News Source: TechSpot
