New funding propels OpenAI to staggering $157 billion valuation, says firm led by Sam Altman.
OpenAI has become one of the most successful startups in Silicon Valley history, propelled to the headlines in 2022 when it released ChatGPT, its generative AI chatbot. / Photo: Reuters Archive
The landmark injection of cash made OpenAI one of the world's most valuable privately run tech companies, on the same level as SpaceX or TikTok parent ByteDance. The app was one of the fastest downloaded apps ever, with users getting their first glimpse of the power of generative AI that can churn out human-like content almost instantaneously on simple prompts.
Altman's role inside the company has also grown, less than a year after he was briefly fired by the OpenAI board over his management style and for pushing out new products too quickly.
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