Investors pile into OpenAI’s $6bn funding round in unprecedented bet

finance
Created 9/20/2024
Updated 9/20/2024

Investors are pouring into OpenAI’s USD6 billion funding round, betting that the ChatGPT-maker will become the world's leading AI company, potentially worth trillions. The round values OpenAI at USD150 billion, attracting major players like Thrive Capital and talks with Apple, Nvidia, and Microsoft. Despite burning through over USD5 billion annually, OpenAI’s rapid revenue growth and strong strategic partnerships are driving optimism. However, some investors remain skeptical about achieving venture-style returns, citing stiff competition and high operational costs. OpenAI’s dominance depends on securing capital, outpacing rivals like Google, and managing internal challenges.

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