Leadership turmoil,Watch Taboo Family Online rumblings about an AI bubble, and a failed CEO coup last year didn't stop OpenAI from raising $6.6 billion.
On Wednesday, OpenAI completed its latest funding round according to the New York Times, giving it a valuation of $157 billion. That makes it the largest VC round of all time, a distinction that was previously held by Elon Musk's xAI, which raised $6 billion earlier this year.
SEE ALSO: The AI bubble has burst. Here's how we know.The investment was led by VC firm Thrive Capital and included Microsoft, NVIDIA, Japanese tech investment company SoftBank, and United Arab Emirates investment company MGX. As confirmed in previous reports, Apple, which was rumored have backed out of investment talks with OpenAI is not an investor.
OpenAI's massive funding round caps off a raucous period of events over the past year or so. After it ignited the generative AI boom in 2022 with the launch of ChatGPT, OpenAI quickly became the latest Silicon Valley darling, earning $13 billion in investment from Microsoft. Then last November, a failed attempt by its non-profit board to oust CEO Sam Altman, revealed leadership's mistrust of Altman and differing philosophies from its co-founders. Eventually, co-founder Ilya Sutskever and, just last week, CTO Mira Murati quit the company. Co-founder and President Greg Brockman has taken a leave of absence and other executives have recently quit the company. OpenAI is also in the midst of restructuring its corporate status from non-profit to for-profit.
Despite waning investor interest, backlash from AI-weary consumers, and unfulfilled promises of AI's potential suggesting that the AI bubble might be ready to burst (or perhaps that it's slowly leaking after bursting months ago), OpenAI's funding round has proven investors with deep pockets are willing to bet on its success.
OpenAI makes money from subscriptions to its ChatGPT Plus, ChatGPT Enterprise, and API accounts. As of August, OpenAI reported that ChatGPT has over 200 million weekly users, which was double the amount of users in November, 2023, and expects to bring in $11.6 billion in sales next year (per CNBC). But building and maintaining AI models isn't cheap. According to The Information, OpenAI could lose up to $5 billion this year.
Topics ChatGPT OpenAI
Auburn vs. Creighton 2025 livestream: How to watch March Madness for free
Why Building a Gaming PC Right Now is a Bad Idea, Part 3: Bad Timing
Ryzen 5 1600X vs. 1600: Which should you buy?
Tweaking Windows 10 Privacy Settings
'Thunderbolts*' mid
Use Gmail Offline and Enable Email Scheduling & Snoozing
Mastering Gmail Search
The Steam Machine: What Went Wrong
Amazon Big Spring Sale 2025: Save $20 on Amazon Echo Show 5
Biggest Tech Fads of the Last Decade
The Sound and the “Furious”
8 Years Later: Does the GeForce GTX 580 Still Have Game in 2018?
Mastering Gmail Search
Here's everything AI coming to Google Gmail
'The Last of Us' Season 2, episode 3's opening credits has a heartbreaking change
The Most Disappointing PC Games of 2017
Google I/O: New shopping tool lets you try on clothes with AI
Chrome Tab Management Tips and Extensions
Weather app glitch makes it look like hell is basically freezing over
5 Ways to Access a Locked Windows Account
Google is opening its first physical retail storeOculus Quest headsets can display iOS push notifications nowHere's how to apply for Twitter account verificationGoogle employees demand Palestine support in letter to CEOHow to help people around the world get vaccinatedBeyoncé gave us all an early holiday gift with festive new merch13 best tweets of the week, including Dame Judi Dench, blackberries, and the Big PurchaseFlush with bitcoin, hacker group behind Colonial Pipeline attack says it's doneUma Thurman responds to Harvey Weinstein sexual harassment scandalGoogle IO 2021: Google's turning the phone camera into a dermatologistShania Twain arrives to halftime show on a dogsled in a blizzard because, well, she's ShaniaGoogle IO 2021: Google's turning the phone camera into a dermatologistTesla owner keeps using Autopilot from backseat—even after being arrestedHow to change your Venmo privacy settings and cull your friends listAndroid 12's Privacy Dashboard puts creepy apps on noticeApple's new, colorful iMacs are personality tests for your soulEbay's new adult item ban makes absolutely zero senseVenmo is pausing some payments being sent to Palestinian relief fundsTrio of bears have a fun night out at Taco Bell until the cops show upHow Shrekfest keeps the 20 Massive DeFi hack hits Axie Infinity’s Ethereum sidechain There are two different 'Wordle' answers today, here's why. 'Moonshot' review: A sci Dyson unveils Dyson Zone, over ear headphones with attachable air purifier NFL hall of famer Randy Moss made a powerful statement with his tie Will Smith and Chris Rock: Why you cared so much about the slap Celebrities are finally getting in on the 'it me' joke This deer 'doing laps' in a pool is peak summer fitness motivation 'Wordle' today: Here's the answer for March 28 2022 Grammys: Here's how to watch live Donald Trump lashed out at LeBron James and Don Lemon on Twitter 'Morbius' review: Jared Leto's vampire Marvel movie is a toothless bore Trump thinks he draws bigger crowds than Beyoncé and Bruce Springsteen, lol Jim Acosta walks out of White House press briefing in protest Chris Rock won't press charges against Will Smith for that Oscars slap The 10 most streamed movies of the week. 5 won Oscars. 'Wordle' today: Here's the March 31 answer The Lonely Island's 'Why Not Me?' is the best Oscar moment we'll never have March Madness 2022: Here's how to watch, livestream Final Four Lizzo's ‘Watch Out for the Big Grrrls’ is truly joyful reality TV
2.4032s , 8200.359375 kb
Copyright © 2025 Powered by 【Watch Taboo Family Online】,Openness Information Network