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OpenAI Skyrockets to $157 Billion Valuation after Historic Funding Round, Aims to Boost AI Research and Problem-Solving Tools
OpenAI's unprecedented financing round has led to a valuation of $157 billion. The organization intends to utilize these funds to further its AI studies, enhance its computational abilities, and create solutions for intricate issues.
ChatGPT's parent company, OpenAI, recently garnered a whopping $6.6 billion in fresh funding. This significant financial boost pushed the company's worth to a staggering $157 billion, reinforcing its status as a global frontrunner in the realm of artificial intelligence.
The monumental funding, among the biggest in Silicon Valley, was unveiled by OpenAI on Wednesday.
Established in 2015 under the leadership of Sam Altman, OpenAI intends to utilize the funds to further their AI studies, enhance their computational capabilities, and create instruments for tackling intricate issues.
Thrive Capital was the main player in the funding round, alongside contributions from SoftBank, Microsoft, Nvidia, Tiger Global and MGX, an investment company governed by the United Arab Emirates.
Apple, a company that incorporates OpenAI models into its AI-based services, decided to back out of discussions about contributing financially.
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