OpenAI, the startup that created ChatGPT, announced in a press release that it has closed a new round of fundraising, saying it has managed to secure $6.6 billion in funding. By receiving this funding, OpenAI’s market value will reach 157 billion dollars. With this impressive funding, the creator of ChatGPT will take strong steps towards the development of human-like artificial intelligence (AGI).
OpenAI’s new fundraising round was led by Thrive Capital (one billion dollars of the funding will be provided to OpenAI by the same company).
According to the Financial Times news agency, Thrive Capital has signed a special and exclusive agreement, thanks to which it can invest another 1 billion dollars in OpenAI next year, taking into account the market value of 157 billion dollars; But provided that the creator company of ChatGPT can reach its financial goals. This valuable offer has not been offered to other OpenAI investors.
According to knowledgeable sources, OpenAI’s new round of fundraising has been done with the condition of continuing to rebuild this startup and turning it into a profit-oriented entity.
The profit-oriented branch of OpenAI is now operating under the supervision of the non-profit branch, and investors’ profits are limited by 100 times. If OpenAI doesn’t become a profitable company in two years, investors can get their money back. Last week it was said that OpenAI might become a for-profit company like Anthropic.
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According to the report of the Financial Times, in a rare move, OpenAI has asked investors not to support competing startups such as Entropic and xAI. xAI that under observation Elon Musk operates, a few months ago he managed to pocket 6 billion dollars in funding.
The dramatic increase in OpenAI’s market value over the past two years clearly shows how great the potential of artificial intelligence is. The New York Times announced some time ago that OpenAI’s monthly revenue has reached 300 million dollars, and the annual sales of this startup will probably reach 3.7 billion dollars by the end of 2024. OpenAI’s revenue is expected to explode to $11.6 billion next year.
