2024-10-03
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source: global market report
openai said on wednesday it had closed a $6.6 billion financing deal that more than doubled the high-profile company's valuation from nine months ago.
it is reported that a new round of financing led by investment company thrive capital values openai at us$157 billion. microsoft, nvidia, softbank, uae investment company mgx and other companies also participated in the investment.
OpenAIthe release of the online chatbot chatgpt in 2022 kicked off the artificial intelligence craze, triggering a rush for investment in startups developing similar technologies. its latest investment round shows that the tech industry's enthusiasm for artificial intelligence remains strong despite concerns about the technology's effectiveness and safety.
investment in artificial intelligence started to cool down earlier this year, as several companies were acquired by tech giants google, microsoft and amazon that were developing technology similar to that worked on by openai. but openai’s popularity gives it a huge head start. its revenue is growing rapidly, but it is losing billions because of the unusually high cost of building and running ai technology like chatgpt.