- Published on October 3, 2024
- In Global Tech
Sam Altman Cooks ASI with OpenAI’s $6.6 Bn Investment
Sam Altman believes that artificial superintelligence (ASI) is just a few thousand days away.
- By Siddharth Jindal
The hottest AI startup, OpenAI, recently raised $6.6 billion at a valuation of $157 billion. The latest round of funding, led by existing investor Thrive Capital, has brought OpenAI’s total capital raised to $17.9 billion, according to Crunchbase. Thrive Capital contributed approximately $1.3 billion, with the option to invest an additional $1 billion at the same valuation through 2025.
Other major participants in this funding round include Microsoft, NVIDIA, SoftBank, Khosla Ventures, Altimeter Capital, Fidelity, and MGX.
The Wall Street Journal reported that Microsoft’s contribution was just under $1 billion, while NVIDIA committed $100 million, and SoftBank invested $500 million. Previously reported to be participating, Apple was notably absent from the investment round.
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Siddharth Jindal
Siddharth is a media graduate who loves to explore tech through journalism and putting forward ideas worth pondering about in the era of artificial intelligence.
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