OpenAI Has the Biggest Funding Round Ever and Crosses 250 Million Users in the Same Week
ChatGPT’s user base is now double what it was in November 2023.
Key Takeaways
- OpenAI announced Wednesday that it raised $6.6 billion in its latest fundraising round.
- Microsoft remains OpenAI’s largest corporate backer.
- OpenAI’s valuation is now $157 billion.
OpenAI from $86 billion to $157 billion on Wednesday after a $6.6 billion funding round, the ever. The ChatGPT-maker raised more than Elon Musk’s xAI, which a funding round of $6 billion at a valuation in May.
Thrive Capital , with an investment of $1.3 billion. Fidelity, Nvidia, and SoftBank also invested, but Microsoft remains the startup’s largest corporate backer, adding $750 million in this round to its existing investment. Apple was considering investing but in order to avoid future conflicts with OpenAI’s competitors, per .
In , OpenAI stated that it has increased its weekly number of users to over , a 50 million jump from two months ago. ChatGPT has more than double the user base now than it did in November 2023.
OpenAI will use the funds to keep building AI tools and researching AI. The startup had a revenue of last month and is expecting $3.7 billion in revenue this year to $5 billion in losses.
OpenAI has recently seen a wave of high-level departures, with OpenAI chief technology officer MIra Murati, vice president of research Barret Zoph, and chief research officer Bob McGrew, on the same day last week.
Related: ‘A Real Growing Up Moment For Me’: OpenAI’s 39-Year-Old CEO Says He Learned a Lot from Being Fired
Key Takeaways
- OpenAI announced Wednesday that it raised $6.6 billion in its latest fundraising round.
- Microsoft remains OpenAI’s largest corporate backer.
- OpenAI’s valuation is now $157 billion.
OpenAI from $86 billion to $157 billion on Wednesday after a $6.6 billion funding round, the ever. The ChatGPT-maker raised more than Elon Musk’s xAI, which a funding round of $6 billion at a valuation in May.
Thrive Capital , with an investment of $1.3 billion. Fidelity, Nvidia, and SoftBank also invested, but Microsoft remains the startup’s largest corporate backer, adding $750 million in this round to its existing investment. Apple was considering investing but in order to avoid future conflicts with OpenAI’s competitors, per .
