OpenAI has raised an unprecedented $40 billion in its latest investment round, led by SoftBank, leading to a staggering $300 billion valuation, making it the highest valued private tech firm ever. The funding includes an immediate $10 billion, with a further $30 billion pending based on the company's conversion to for-profit status. The company is rapidly expanding, evidenced by the successful launch of features like Images in ChatGPT, which attracted 1 million users in just an hour. Nevertheless, OpenAI anticipates major cash flow challenges, expecting positive cash flow only by 2029 despite revenue projections reaching $125 billion.
With $40 billion raised in its latest funding round led by SoftBank, OpenAI has reached a $300 billion valuation, making it the highest valued private tech company ever.
Despite skyrocketing user engagement and a projected $12.7 billion in revenue this year, OpenAI faces significant cash burn and does not expect to be cash flow positive until 2029.
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