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whip bull report, october 3 news, according to business insider, sam altman has experienced ups and downs and setbacks in the past year, but he once again proved that he can convince investors to invest in openai invests hundreds of millions of dollars.

the latest funding round appears to be silicon valley's hottest, attracting numerous investors looking to get in on the buzzy artificial intelligence startup's latest funding round.

the $6.6 billion round brings openai's valuation to $157 billion and makes it one of the most valuable startups in the world. the startup's valuation is currently at the same level as public companies like uber or at&t.

openai said in a statement posted on its website that the funding will accelerate progress toward our mission and thanked investors for their trust in us.

investors' participation reportedly came with a condition that they not invest in rival ai companies. openai is currently discussing how to transition from a nonprofit to a more traditional for-profit company, and several high-profile executives have left to join competitors or start their own ventures.

here are those who pulled out their checkbooks.

thrive capital invests $1.25 billion

a spokesperson confirmed to business insider that thrive capital led the round. the venture capital firm founded by josh kushner made early investments in several now-famous companies, including slack and instagram, and previously invested in openai.

the venture capital firm invested about $1.25 billion, according to the wall street journal. reuters reported last month that thrive also has the option to invest another $1 billion in openai at its current valuation next year if it meets revenue targets.

in addition to being an investor in openai, kushner has a close relationship with altman, the information reported last month. altman wrote in a post on x (formerly known as twitter) in august: i have been fortunate to work with many great investors; the one i recommend most is josh.

softbank invests us$500 million

the highly anticipated funding round also attracted new investors such as softbank. a source close to the japanese media technology group told business insider that softbank has invested $500 million.

the deal gives the tokyo-based company, led by enigmatic founder masayoshi son, its first major stake in a company developing large-scale language models (llms) that fuel the generative ai boom. powered by popular apps like chatgpt in .

although softbank invested in several ai-related silicon valley companies through its saudi-backed $100 billion vision fund before the generative ai boom took off, it has been slow to invest in the post-chatgpt era as it struggled with the disaster wework is trying to repair its reputation after betting on sex.

however, son has said in recent months that he is ready to make another big investment to seize opportunities in the generative artificial intelligence boom.

at the company's annual shareholder meeting in june, the softbank founder told shareholders that past investments were just a warm-up for artificial intelligence and that driving the development of this technology was what i was born to do.

ark venture fund invests us$250 million

as first reported by business insider, cathie wood's ark venture fund has agreed to invest at least $250 million in this round of financing.this is the fund's second investment in the company.ark has also invested in several other well-known startups such as anthropic, xai, spacex, figureai and databricks.

in an interview with morningstar in april, wood compared the current state of artificial intelligence to the state of the internet in the early 1990s.

"we are just getting started and there is still a long way to go," wood said. "the truth is, we're still learning the power of the internet. that's where we are today with artificial intelligence."

ark has not yet responded to bi's request for comment.

microsoft invests $1 billion

according to the wall street journal, microsoft invested nearly $1 billion in openai’s latest round of financing. the tech giant has a partnership with openai and has reportedly invested $13 billion in the company. according to reports,rival apple is also considering investing in openai, but negotiations have been fruitless.

microsoft has also added openai's technology to its search engine bing, its copilot ai tool, and other products.

microsoft did not immediately respond to bi's request for comment.

nvidia invests $100 million

nvidia is no stranger to ai, and its chips are a top choice for companies like openai building cutting-edge ai models.

according to the wall street journal, nvidia invested approximately us$100 million in this round of financing for openai.

nvidia declined to comment.

tiger global

according to "business insider", tiger global management also participated in openai's latest round of financing. the amount of its investment is currently unclear.

the company has actively invested in the technology sector in recent years, making 335 investments in 2021, according to crunchbase data. the company has since reduced its annual investment amount as the market has deteriorated, but purchased $125 million worth of openai stock in 2021.

fidelity fund

fidelity also participated in openai’s latest funding round. the asset manager recently participated in a funding round for elon musk's xai.

fidelity often invests in late-stage startups that may go public in a few years. the strategy can help large mutual fund companies seize potentially hot ipos at lower prices.

almit capital management

altimeter capital management also reportedly participated in openai’s latest round of funding. altimeter did not immediately respond to bi's request for comment.

openai's next move should be an ipo, brad gerstner, ceo and founder of the investment firm, said at an artificial intelligence conference on wednesday after the founding round of funding was announced.

geekwire reported that gerstner said: at a time when we are about to face large-scale social unrest, unemployment and other issues, i think it is crucial to give every retail investor in the united states the opportunity to share the benefits of artificial intelligence. .

khosla ventures

khosla ventures also participated in the round.

vinod khosla, co-founder of sun microsystems, recently published a long article on his venture capital firm's website, saying that artificial intelligence will reduce costs, take over most of human work, and in most cases do it better. he also predicts that there will be 1 billion robots in the next 25 years.

khosla has previously invested in openai.

uae-backed investment firm mgx

according to reuters, uae-backed investment firm mgx participated in openai’s latest round of financing. the company did not immediately respond to an after-hours request for comment.

the company was established earlier this year to invest in artificial intelligence and semiconductors, bloomberg reported in march. at the time, mgx reportedly aimed to manage $100 billion in funds over the next few years.