OpenAI has officially closed its latest funding round, raising $6.6 billion in a deal that values the startup at a massive $157 billion. This latest funding round, coming amid a tumultuous period of internal conflict, emphasizes the market's overwhelming confidence in the future of generative AI that OpenAI has significantly influenced with its groundbreaking ChatGPT release.
The deal underscores investors' red hot expectation for the generative AI boom that OpenAI ignited with the release of ChatGPT. With this round, OpenAI cements its status as one of the most valuable startups in the world.
OpenAI's valuation has nearly doubled from its level earlier this year, indicating significant growth potential as the company transitions from a research lab to a commercial powerhouse in AI products.
Thrive Capital has confirmed its leadership role in this latest funding round, reflecting a strong belief in OpenAI's capabilities and future direction despite ongoing high-level departures and internal disagreements.
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