OpenAI hits $157 billion valuation after new funding round

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OpenAI successfully raised more than $6.5 billion in a recent funding round, catapulting its valuation to $157 billion, Bloomberg reported on Wednesday.

The new the valuation surpasses OpenAI’s previous valuation of $86 billions, making is one of the most valuable private venture-backed startups, along with SpaceX and ByteDance. Led by Thrive Capital, with participation from other global investors, the round positions OpenAI as a leading contender in the generative AI technology sector.

The AI ​​startup, well-known for developing advanced AI models including the GPT series, previously raised around $13.5 billion in 11 funding rounds. The latest investment will be used to support its operations, including computing power and other expenses.

The financial boost comes at a time when OpenAI is facing major changes in its leadership and structure, including a series of high-level executive departures. Recently, Mira Murati, a key figure in the development of OpenAI’s ChatGPT, announced her resignation after more than six years with the company.

The company is reportedly considering restructuring operations to move from a not-for-profit controlled model to a for-profit benefit corporation. The change could facilitate greater investment opportunities. However, it raises questions about whether the company will be able to fulfill its mission of developing safe and beneficial AI.

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