OpenAI is reportedly raising at a $150 billion valuation - making it worth more than 88% of Fortune 500 firms
Briefly

OpenAI's recent fundraising efforts, pushing its valuation to $150 billion, underscore its dominance in the AI space, outpacing major competitors and even Fortune 500 giants.
Despite its unique structure as a nonprofit aligned with a capped profit arm, OpenAI's advancements and influence in AI technologies have solidified its leading status in the industry.
The funding round, led by Thrive Capital and involving significant players like Microsoft and Apple, highlights the immense interest and expectation surrounding OpenAI's potential growth.
OpenAI is aiming to utilize raised funds for enhancing computing capacity and operational expenses, demonstrating a strategic commitment to sustaining its competitive edge in AI innovation.
Read at Business Insider
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