OpenAI funding news – OpenAI, the Creator of ChatGPT Secures $6.6B in Funding

The funding round was backed majorly by existing venture capital investors, including Thrive Capital, Khosla Ventures, Microsoft, and new participation from NVIDIA, reports Reuters. Thrive Capital has committed about $1.2B and has the option to invest another $1B next year at the same valuation if the AI firm meets a revenue goal.

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Altimeter Capital, Fidelity, SoftBank, and Abu Dhabi’s state-backed investment firm MGX have joined us in their recent funding round. This infusion of capital will pave the way for them to strengthen their position in frontier AI research, expand their compute capacity, and further develop tools that empower individuals to tackle complex challenges.

The company said, “We’re grateful to our investors for their trust in us, and we look forward to working with our partners, developers, and the broader community to shape an AI-powered ecosystem and future that benefits everyone. By collaborating with key partners, including the U.S. and allied governments, we can unlock this technology’s full potential,".

About OpenAI

OpenAI's Chief Financial Officer, Sarah Friar, announces plans for employees to sell their shares after a recent funding round, according to Reuter. Specific details and timing are pending. Earlier this year, some employees were able to cash out their shares at a valuation of $86B.