SAN FRANCISCO (Diya TV) — OpenAI closed a $6.6 billion funding round backed by high-tech industry leaders Microsoft and Nvidia. The investment round values the company at $157 billion, making it one of the world’s most valuable private companies.
This funding round brought return and new investors from venture capital firms Thrive Capital and Khosla Ventures. Microsoft’s investment was estimated at $750 million, and is still furthering advancements in its partnership with OpenAI, including hardware and AI capabilities. It marks an investment not just in OpenAI but in powering the infrastructure that will run AI applications.
The funding will go into further research and development as OpenAI pursues more powerful AI models while at the same time worrying about the long-term implications of developing artificial intelligence. It will also enable OpenAI to scale the computing infrastructure because the demand for its AI services, including ChatGPT, continues to rise.
OpenAI has exponentially grown in the AI market since its conversion from a nonprofit to a capped-profit model, especially as a result of the breakthroughs regarding generation AI technology. The company is looking to consolidate its leadership in AI, both in terms of research and product developments, with the help of this latest funding, where competition with other tech firms intensifies.
This development represents the growing interest from major investors and corporations looking into further innovation in the realm of artificial intelligence. As this new technology continues to reshape industries, OpenAI’s latest financial boost locks it in as a master at the helm of the new landscape.
