Thursday Oct 03, 2024

Unicorn News: The Latest in AI: OpenAI Lands $6.6 Billion Funding, Valuation Hits $157 Billion

Unicorn News: The Latest in AI - October 03, 2024

OpenAI has secured a substantial $6.6 billion in funding, significantly boosting its valuation to $157 billion. This investment round, led by Thrive Capital and supported by major players like Microsoft and Nvidia, aims to solidify OpenAI's dominance in the generative AI market.

Sources
https://news.slashdot.org/story/24/10/02/1810206/openai-asks-investors-not-to-back-rival-startups-such-as-elon-musks-xai
https://www.nbcnews.com/business/business-news/openai-closes-funding-157-billion-valuation-microsoft-nvidia-softbank-rcna173693

Outline
(00:00:00) Introduction
(00:00:33) OpenAI Secures $6.6 Billion in Funding, Boosting Valuation to $157 Billion

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