OpenAI raises $6.6B and is now valued at $157B

Posted under: AI technologies
Date: 2024-10-04
OpenAI raises $6.6B and is now valued at $157B

OpenAI has raised $6.6 billion in a funding round that values the company at $157 billion post-money, making it the largest VC round ever. The new funding will allow us to double down on our leadership in frontier AI research, increase compute capacity, and continue building tools that help people solve hard problems. OpenAI optimistically projects its revenue will reach $100 billion in 2029 — matching the current annual sales of Nestlé.

Read more at: techcrunch.com