Microsoft, Nvidia and Softbank joined the open funding round of OpenAi, according to reports, contributing to the company’s $157 billion valuation at the close of the funding round.
“The new funding will allow us to double down on our leadership in frontier AI research, increase compute capacity, and continue building tools that help people solve hard problems,” OpenAI notedin a blog post yesterday.
The prodigious growth of the the company which began with ChatGPT in late 2022 and was valued at $29 billion in 2023 has been driven by 1 million paying business users of ChatGPT.
The company has lost several executives over the last weeks as news of it changing to for-profit status spread.
The company had revenues of $300 million in September, according to the reports.
By Staff
