OpenAI Raises $6.6 Billion in Latest Funding Round with Backing from Thrive Capital, Microsoft, Nvidia, and Others

Benzinga

OpenAI closed a funding round at a $157 billion valuation, raising $6.6 billion from investment firms and tech companies. Thrive Capital led the round, with participation from Microsoft, Nvidia, SoftBank, and others. The funding enables OpenAI to enhance its AI research, expand computing capacity, and develop tools. OpenAI's ChatGPT has 250 million weekly active users, driving the company's revenue growth to $300 million monthly. While OpenAI expects over $11 billion in sales next year, it's projected to lose $5 billion in 2024 due to high operational costs, including GPU purchases.

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00:00It's Benzinga, and here's what's on the block.

00:03OpenAI closed a funding round at an $157 billion valuation, raising $6.6 billion from investment

00:09firms and tech companies.

00:11Thrive Capital led the round with participation from Microsoft, Nvidia, SoftBank, and others.

00:17The funding enables OpenAI to enhance its AI research, expand computing capacity, and

00:22develop tools.

00:23OpenAI's chat GPT has 250 million weekly active users, driving the company's revenue

00:29growth to $300 million monthly.

00:31While OpenAI expects over $11 billion in sales next year, it's projected to lose $5 billion

00:38in 2024 due to high operational costs, including GPU purchases.

00:42For all things money, visit Benzinga.com.

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