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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).
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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.
Denne historien er fra October 04, 2024-utgaven av The Straits Times.
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