CosmicTaco

Investors Bet Big on OpenAI's $6bn Funding Round

CosmicTaco · 2024-09-20T17:50:52.053056+05:30

- Investors are making an unprecedented bet on OpenAI, valuing the company at $150bn. - Thrive Capital has already invested at least $1bn, with Apple, Nvidia, and Microsoft in talks to join. - Despite the scale, some top investors like Andreessen Horowitz and Sequoia Capital are sitting out. - OpenAI's revenues have surged to $3.6bn annually, but it still burns through over $5bn a year. - The company faces fierce competition from Google and Meta, and must manage its transition from a start-up to a corporate giant. Source: [Financial Times](https://www.ft.com/content/a8f9bd05-0999-415d-af86-c73e79ad5733)

Investors are making an unprecedented bet on OpenAI, valuing the company at $150bn.
Thrive Capital has already invested at least $1bn, with Apple, Nvidia, and Microsoft in talks to join.
Despite the scale, some top investors like Andreessen Horowitz and Sequoia Capital are sitting out.
OpenAI's revenues have surged to $3.6bn annually, but it still burns through over $5bn a year.
The company faces fierce competition from Google and Meta, and must manage its transition from a start-up to a corporate giant.

Source: Financial Times