Vuélvete ilimitado con Magzter GOLD
Obtenga acceso ilimitado a más de 9000 revistas, periódicos e historias Premium por solo
Intentar ORO - Gratis
Historic funding round values ChatGPT maker OpenAI at $203 billion
The Straits Times
|October 04, 2024
SAN FRANCISCO - New funding propelled ChatGPT maker OpenAI to a valuation of US$157 billion (S$203 billion), the company said on Oct 2, sealing its place as the world leader in artificial intelligence (AI).
-
The company, founded in 2015 and led by Mr Sam Altman, said that investors pumped in US$6.6 billion in a funding round that was one of Silicon Valley's biggest 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 said in a blog post.
The investment was confirmed by Thrive Capital, the leading investor of the round.
Investors also include Microsoft, chipmaking juggernaut Nvidia, Tiger Global and MGX, an investment firm controlled by the United Arab Emirates, reports said.
Apple, which is using OpenAI models in its new generative AI offerings, recently withdrew from the negotiations.
Esta historia es de la edición October 04, 2024 de The Straits Times.
Suscríbete a Magzter GOLD para acceder a miles de historias premium seleccionadas y a más de 9000 revistas y periódicos.
¿Ya eres suscriptor? Iniciar sesión
MÁS HISTORIAS DE The Straits Times
The Straits Times
Trump picks ex-Fed official Kevin Warsh to run US central bank
Move gives Fed critic a chance to execute his idea of monetary policy 'regime change'
2 mins
January 31, 2026
The Straits Times
Myanmar polls conclude with landslide win for junta-backed party
Military govt insists election was fair; some Western nations denounce it as a sham
2 mins
January 31, 2026
The Straits Times
Frasers Property to standardise retail brand, lift service quality in 9 malls
Frasers Property Singapore is standardising its retail brand and upgrading service quality across nine malls in a bid to lift footfall and customer engagement, while preserving each mall’s local identity.
2 mins
January 31, 2026
The Straits Times
How the Chinese minority navigates identity and politics in PAS' Kelantan
Chinese wedding dinners in the Malaysian state of Kelantan have become a little less effervescent in the last few years.
4 mins
January 31, 2026
The Straits Times
Iran threatens to hit US bases and carriers in event of attack
Tehran reacts to Trump’s warning of strike, EU’s blacklisting of IRGC as terror group
3 mins
January 31, 2026
The Straits Times
Trump warns Britain against closer ties with China as Starmer hails progress in Beijing
President Donald Trump warned Britain against getting into business with China as British Prime Minister Keir Starmer lauded the economic benefits of resetting relations with Beijing during a visit to the Chinese capital on Jan 29.
3 mins
January 31, 2026
The Straits Times
S’pore to encourage local firms to accept risk-taking as part of growth strategy
This marks a fundamental shift in nation’s investment promotion strategy: DPM Gan
3 mins
January 31, 2026
The Straits Times
US Treasury heightens global forex scrutiny, but finds no manipulation
The US Treasury on Jan 29 said it is strengthening scrutiny of countries’ foreign exchange practices, including any efforts to resist depreciation of their currencies against the dollar, but did not accuse any major trading partner of currency manipulation.
1 min
January 31, 2026
The Straits Times
Severe cold to ease after temperatures plunge to minus 17 deg C in S. Korea
Temperatures plunged as low as minus 17 deg C on Jan 30, with strong winds driving wind chills even lower, weather officials said.
1 min
January 31, 2026
The Straits Times
In China’s richest province, not every city is thriving
Growth engines like property sputter while new ones like high-tech industries surge
4 mins
January 31, 2026
Listen
Translate
Change font size