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A OpenAI has completed a highly anticipated funding round, reaching a valuation of $157 billion for the company. This milestone includes a $6,6 billion investment coming from several investment firms and large technology companies, such as Microsoft, Nvidia e Softbank. With this new capital, the OpenAI plans to deepen its leadership in cutting-edge AI research, increase its computing power, and continue developing innovative tools to solve complex problems.
Round Details
The recent funding round of OpenAI, which resulted in a $6,6 billion investment and a $157 billion valuation, is notable not only for the amount raised, but also for being the largest investment round ever recorded in Silicon Valley.
The valuation of OpenAI has nearly doubled since the beginning of the year, when it was valued at $86 billion. This impressive growth is driven by the continued popularity of Chat GPT and expanding into new products for businesses, in addition to AI-generated photos and videos. Currently, OpenAI has 250 million weekly active users on Chat GPT, 11 million subscribers of Chat GPT Plus and 1 million paying business users.
The new funding will enable us to double down on our leadership in cutting-edge AI research, increase computing power, and continue building tools that help people solve tough problems.
OpenAI, in an official statement.
Last month, the OpenAI generated $300 million in revenue, an impressive 1.700% increase since the beginning of last year, as confirmed by CNBC. In addition, also according to CNBC, the company projects to bring in $11,6 billion in sales next year, compared to $3,7 billion in 2024. However, to do so the OpenAI needs to significantly increase purchases of graphics processing units (GPUs) from Nvidia to train and run your large language models.
Despite the success, the OpenAI is facing challenges, including the loss of key executives. Recently, CTO Mira Murati, Head of Research Bob McGrew and Vice President of Research Barret Zoph announced their departures. In response, CEO Sam Altman said these transitions are part of the company's growth and that OpenAI will continue to grow stronger with these changes. In addition, the company is considering restructuring to become a for-profit entity while maintaining a separate non-profit portion.
Particiapant enterprises
The funding round, which raised $ 6,6 billion, had the participation of several prominent companies in the technology sector. The Thrive Capital led the round, investing approximately $1 billion, with the option to invest an additional $1 billion next year, depending on the achievement of revenue targets. Microsoft, one of the main partners of OpenAI, also participated, investing a little less than $1 billion. The Nvidia, known for its graphics processing chips essential for training AI models, contributed $100 million.
Softbank, a Japanese media and technology conglomerate, has invested $500 million, marking its first major stake in a large-scale language modeling company and the largest investment ever in Silicon Valley. In addition to these companies, other notable investors have included Khosla Ventures, Altimeter Capital, Fidelity e MGX.
invest in OpenAI offers participating companies a range of strategic and financial benefits. Firstly, they gain early access to cutting-edge technologies developed by OpenAI, which can be crucial to maintaining a competitive advantage in the market. For example, Microsoft, by investing in OpenAI, strengthens its cloud platform, Azure. In addition, companies such as Nvidia directly benefit from the increased demand for their GPUs, which are essential for training AI models.
invest in OpenAI It also allows these companies to be part of the development of innovative solutions that can transform various sectors, from health to education, generating significant financial returns in the long term.
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