OpenAI Raises $6.6 Billion, Valuing Company at $157 Billion

📆 3/10/2567 2:03:00
📰 IrishTimes

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OpenAI, the company behind ChatGPT, has secured $6.6 billion in funding from investors, potentially pushing its valuation to $157 billion and solidifying its position as one of the world's most valuable private companies. The funding round includes participation from existing investors like Thrive Capital and Khosla Ventures, as well as OpenAI's major backer Microsoft and Nvidia.

Employees of OpenAI work in the cafeteria at the company’s headquarters in San Francisco. The company has raised $6.6 billionfrom investors, which could value the company at $157 billion and cement its position as one of the most valuable private companies in the world. Photograph: Jim Wilson/The New York TimesOpenAI, the company behind ChatGPT, has raised $6.

Apple, which was in talks to invest in OpenAI, did not end up joining the funding, sources said, who requested anonymity to discuss private matters. The company is on pace to generate $3.6 billion in revenue this year on mounting losses of over $5 billion. It projects major revenue jump next year to $11.6 billion, according to sources familiar with the figures.

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