OpenAI secures $6.6bn in funding boosting valuation to $157bn [Yahoo! Finance]
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Source: Yahoo! Finance
This latest financial injection could propel the company's valuation to an estimated $157bn, positioning OpenAI as one of the most valuable private entities worldwide. The investment round attracted significant contributions from existing backers such as Thrive Capital and Khosla Ventures, alongside OpenAI's principal corporate supporter Microsoft and new investor NVIDIA. Thrive Capital pledged approximately $1.2bn, with a provision to inject an additional $1bn next year, contingent on OpenAI achieving a specific revenue target, the publication quoted sources as saying. Altimeter Capital, Fidelity, SoftBank, and Abu Dhabi's state-backed MGX also participated in this financing round. This fundraising follows the unexpected exit of its chief technology officer Mira Murati last week. Earlier this year, OpenAI permitted certain staff members to liquidate their shares, valuing the company at $86bn. Despite negotiations, Apple abstained from joining this investment round. The
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