On top of its latest funding round, OpenAI has put a $4 billion revolving credit line in place — bringing its total liquidity to more than $10 billion.
On top of OpenAI's long-awaited funding round that closed yesterday, the company has also put a $4 billion revolving credit line in place — bringing its total liquidity to more than $10 billion.
OpenAI on Wednesday closed its latest funding round at a valuation of $157 billion, including $6.6 billion the company raised from investors including Thrive Capital, Microsoft, Nvidia and SoftBank. OpenAI's rapid ascent, which began with the launch of ChatGPT in late 2022, has been the biggest story in the tech industry over the last couple years, bringing the concept of generativeinto the mainstream and paving the way for tens of billions of dollars of investments in AI infrastructure. Earlier this year, OpenAI was valued at a reported $80 billion, up from $29 billion in 2023.last week, following reporting by The New York Times. The company expects to bring in $11.
OpenAI has also experienced plenty of growing pains in recent months, including the loss of key executives, a trend that continued, according to a person with knowledge of the matter, who said that should the change occur, the nonprofit segment would remain as a separate entity.for him to receive a"giant equity stake" in the company, calling that information"just not true," according to a person who was in attendance.
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