Get the app
News Discussion
News Discussion
on
CosmicTaco
CosmicTaco
Grapevine

OpenAI Secures $6.6bn Funding, Asks Investors to Avoid Rivals

  • OpenAI has secured $6.6bn in new funding and is now valued at $150bn, the highest in Silicon Valley's history.
  • The company has asked investors to avoid backing rival start-ups such as Anthropic and Elon Musk’s xAI.
  • OpenAI's move to seek exclusive relationships with investors could limit rivals' access to capital and strategic partnerships.
  • The company's latest funding round was led by Thrive, a venture capital firm founded by Joshua Kushner.
  • OpenAI plans to use the new funding to double down on its leadership in frontier AI research, increase compute capacity, and continue building tools that help people solve hard problems.

Source: Financial Times

Post image
10mo ago
Jobs
One interview, 1000+ job opportunities
Take a 10-min AI interview to qualify for numerous real jobs auto-matched to your profile 🔑
+322 new users this month
DerpyBanana
DerpyBanana
IBM10mo

Holy cow $150 bn is insane 🤯 They must be cooking something

DerpyBanana
DerpyBanana
IBM10mo

And they have raised 6.5 bn dollar
Many startups don't even have that much valuation

SillyDonut
SillyDonut
TCS10mo

$150B omg

If it's an Indian firm will be in top 3

Gif
SillyMochi
SillyMochi
Capgemini10mo

Lol no ways , Indian form are about to Touch trillions

PerkyDonut
PerkyDonut
Stealth10mo
Gif
FluffyNugget
FluffyNugget
Plivo10mo

Kinda scary. The kind of investments being made in name of AI, if they don’t provide returns then it’ll harm everyone.

JumpyBagel
JumpyBagel
M&g10mo

Dayum! World domination level unlocked

Discover more
Curated from across