Popularizing Artificial Intelligence with the help of ChatGPT has finally paid off big for OpenAI. In a major plot twist, the firm has seen its valuation top $157 billion after it secured $6.6 billion in funding from investors. This valuation places OpenAI as one of the world’s most valuable private, not-for-profit startups.
The OpenAI Backers
As reported by Reuters, the funding came in the form of convertible senior notes. Notably, investors like Microsoft Corporation and AI giant NVIDIA participated in the funding round.
The funding announcement is coming barely a week after the ChatGPT maker teased a major restructuring move. Under this plan, the firm will transition into a for-profit entity with notable leadership changing taking place simultaneously.
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