OpenAI closes funding at $157 billion valuation, as Microsoft, Nvidia, SoftBank join round
Publishing timestamp: 2024-10-02 17:00:08
Summary
OpenAI closed a funding round raising $6.6 billion at a $157 billion valuation, led by Thrive Capital with participation from Microsoft and Nvidia. The company has seen rapid growth in revenue but also expects to lose $5 billion this year due to high costs. There have been key executive departures and discussions about potentially restructuring to a for-profit business.
Sentiment: MIXED
Keywords: nvidia corp, generative ai, softbank group corp, breaking news: technology, business news, sam altman, microsoft corp, technology, artificial intelligence,