66 Sources
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OpenAI Secures $10B in One Week -- But It's Also Burning Cash at Record Speed
A day after announcing a $6.6 billion venture round, OpenAI secured a $4 billion credit line from banks. Fresh off a giant funding round that valued OpenAI at $157 billion, the ChatGPT maker has secured even more financial backing through a credit facility with a trove of financial institutions,
[2]
OpenAI says it now has $10 billion in cash to burn
On the heels of a $6.6 billion funding round, OpenAI has secured access to billions more from some of the biggest global banks. The ChatGPT-maker said in a blog post Thursday that it has secured a $4 billion credit facility with JPMorgan Chase (JPM), Citi (C), Goldman Sachs (GS), Morgan Stanley
[3]
OpenAI can't get enough: Lands another $4B in funding
OpenAI has secured a fresh $4 billion revolving line of credit, just one day after announcing a record-breaking $6.6 billion funding round. This massive financial injection now arms OpenAI with over $10 billion in liquidity, allowing the company to push its ambitious AI projects forward without the
[4]
OpenAI can't get enough: Lands another $4B in credit
OpenAI has secured a fresh $4 billion revolving line of credit, just one day after announcing a record-breaking $6.6 billion funding round. This massive financial injection now arms OpenAI with over $10 billion in liquidity, allowing the company to push its ambitious AI projects forward without the
[5]
OpenAI Adds $4 Billion Credit Line on Top of $6.6 Billion Investment Round
Michael J. de la Merced reported from London, and Mike Isaac from San Francisco. OpenAI has set up a $4 billion credit line from an array of banks, adding to its financial firepower after securing a $6.6 billion round of new investments, the company said on Thursday. The debt financing
[6]
OpenAI secures $4bn in revolving credit from nine major banks
While $4bn is the base credit line, the ChatGPT maker has the option to increase it by an additional $2bn. OpenAI has secured $4bn in revolving credit, just after it closed a funding round raising $6.6bn in investments. Now, the start-up behind ChatGPT has liquid assets worth more than $10bn,
[7]
OpenAI gets $4 billion revolving credit line, giving it more than $10 billion in liquidity
OpenAI has a $4 billion revolving line of credit, bringing its total liquidity to more than $10 billion, CNBC has learned. It follows news on Wednesday that OpenAI closed its recent funding round at a valuation of $157 billion, including the $6.6 billion the company raised from an extensive roster
[8]
OpenAI Liquidity Reaches $10 Billion With New Credit Facility | PYMNTS.com
One day after securing $6.6 billion in new funding from an array of tech giants and venture capitalists, the artificial intelligence (AI) startup revealed it had established a $4 billion credit facility with nine of the world's largest banks. The revolving credit facility -- with JPMorgan Chase,
[9]
OpenAI secures record-breaking $6.6 billion in funding, now valued at $157 billion
Why it matters: We knew OpenAI was hot, but maybe not this hot. The company has just raised a startling $6.6 billion, leading to a valuation of $157 billion. Even by Silicon Valley standards this is a lot of money. OpenAI is close-lipped about how it will invest the capital, only saying it will
[10]
OpenAI gets $6.6 billion in new funding, valuing company at $157 billion
The artificial intelligence company needs to raise unprecedented sums to fund its insatiable need for chips and energy. OpenAI has finalized a $6.6 billion funding round from investors who valued the company at $157 billion -- the latest in a series of dramatic and sometimes polarizing moves for
[11]
OpenAI closes funding at $157 billion valuation, as Microsoft, Nvidia, SoftBank join round
OpenAI CEO Sam Altman speaks during the Microsoft Build conference at Microsoft headquarters in Redmond, Washington, on May 21, 2024. OpenAI has closed its long-awaited funding round at a valuation of $157 billion, including the $6.6 billion the company raised from an extensive roster of
[12]
OpenAI raises $6.6B and is now valued at $157B | TechCrunch
ChatGPT maker OpenAI has closed the largest VC round of all time. The startup today announced that it raised $6.6 billion in a funding round that values OpenAI at $157 billion pre-money. Led by previous investor Thrive Capital, the new cash brings OpenAI's total raised to $17.8 billion or so, per
[13]
OpenAI funding round values company at $157 billion
Investors are billion-dollar bullish on OpenAI. Credit: David Paul Morris / Bloomberg / Getty Images Leadership turmoil, rumblings about an AI bubble, and a failed CEO coup last year didn't stop OpenAI from raising $6.6 billion. On Wednesday, OpenAI completed its latest funding round according to
[14]
OpenAI closes funding at $157 billion valuation, as Microsoft, Nvidia, SoftBank join round
Sam Altman during the Microsoft Build conference in Redmond, Wash., on May 21.Jason Redmond / AFP - Getty Images file OpenAI has closed its long-awaited funding round at a valuation of $157 billion, including the $6.6 billion the company raised from an extensive roster of investment firms and big
[15]
OpenAI Secures $4B Credit Line To Supercharge AI Ambitions And Expand Nvidia-Powered Infrastructure: 'Provides Flexibility To Seize Future Growth Opportunities' - Citigroup (NYSE:C), Goldman Sachs Gr (NYSE:GS)
After securing a whopping $6.6 billion funding round, ChatGPT-parent OpenAI has bagged a $4 billion revolving credit line. What Happened: The new credit facility will bolster its liquidity to $10 billion, allowing the AI startup to invest in high-cost computing capacity including Nvidia
[16]
OpenAI Gets $4 Billion in Credit on Top of $6.6 Billion Funding
OpenAI has tapped global banks for a $4 billion revolving line of credit on top of its recent $6.6 billion fundraising, adding to its war chest as it plans to grow the company and develop artificial intelligence technology. In a statement Thursday announcing the credit facility, the company wrote,
[17]
OpenAI isn't going anywhere: raises $6.6B at $157B valuation
It was always expected to be a whopper, but the amount it raised -- $6.6 billion at a $157 billion total company valuation -- now makes it the largest venture capital round in history to date, according to Axios. The round was led by Thrive Capital, according to Bloomberg, while CNBC notes that
[18]
OpenAI raises $6.6 billion in funds at $157 billion value
By Shirin Ghaffary, Katie Roof, Rachel Metz, Dina Bass, Bloomberg News The Tribune Content Agency OpenAI has completed a deal to raise $6.6 billion in new funding, giving the artificial intelligence company a $157 billion valuation and bolstering its efforts to build the world's leading generative
[19]
OpenAI closes record $6.6B funding round at $157B valuation - SiliconANGLE
Confirming recent rumors, OpenAI today announced that it has raised $6.6 billion from investors to support its artificial intelligence research. The raise, the largest funding round on record, values the ChatGPT developer at $157 billion. That's nearly double what it was worth following a tender
[20]
What next for OpenAI after $157 billion bonanza?
ChatGPT-maker OpenAI has become an AI powerhouse after securing Silicon Valley's largest-ever funding round. The company now faces the challenge of delivering on its promise to become the next Apple or Google. The funding OpenAI raised $6.6 billion in cash and secured a $4 billion credit line,
[21]
What next for OpenAI after $157 billion bonanza?
San Francisco (AFP) - ChatGPT-maker OpenAI has become an AI powerhouse after securing Silicon Valley's largest-ever funding round. The company now faces the challenge of delivering on its promise to become the next Apple or Google. OpenAI raised $6.6 billion in cash and secured a $4 billion credit
[22]
OpenAI reaches $157bn valuation after major funding round
Venture capital firm Thrive Capital will invest at additional $1bn next year if OpenAI reaches a revenue goal. OpenAI has raised $6.6bn in its latest funding round, reaching a valuation of $157bn - almost double its previous valuation. The funding round was led by venture capital firm Thrive
[23]
OpenAI's funding round lifts valuation to $157 billion
According to The Wall Street Journal, OpenAI has recently secured $6.6 billion with a new funding round which significantly increased the company's valuation to $157 billion. This sharp increase nearly doubles its previous valuation of $86 billion. The deal, however, includes a provision allowing
[24]
ChatGPT-maker OpenAI closes massive funding round
OpenAI has closed a multi-billion dollar funding round, the company announced Wednesday, as the ChatGPT-maker seals its place as the world leader on artificial intelligence. The company, founded in 2015 and led by Sam Altman, said that the investors pumped in $6.6 billion propelling OpenAI to a
[25]
OpenAI completes deal that values company at $157 billion
SAN FRANCISCO -- OpenAI said Wednesday that it had completed a $6.6 billion fundraising deal that more than doubles the high-profile company's valuation from just nine months ago. The new fundraising round, led by investment firm Thrive Capital, values OpenAI at $157 billion, according to two
[26]
ChatGPT maker OpenAI raises $6.6 billion in fresh funding as it moves away from its nonprofit roots
OpenAI said Wednesday it has raised $6.6 billion in venture capital investments as part of a broader shift by the ChatGPT maker away from its nonprofit roots. Led by venture capital firm Thrive Capital, the funding round was backed by tech giants Microsoft, Nvidia and SoftBank, according to a
[27]
ChatGPT maker OpenAI raises $6.6 billion in fresh funding as it moves away from its nonprofit roots
OpenAI said Wednesday it has raised $6.6 billion in venture capital investments as part of a broader shift by the ChatGPT maker away from its nonprofit roots. Led by venture capital firm Thrive Capital, the funding round was backed by tech giants Microsoft, Nvidia and SoftBank, according to a
[28]
OpenAI secures $4 bln credit facility
Oct 3 (Reuters) - OpenAI said on Thursday it has secured a new $4 billion credit facility, in addition to the $6.6 billion investment the AI startup unveiled on Wednesday. The revolving credit facility that is undrawn at closing has been established with JPMorgan Chase (JPM.N), opens new tab, Citi
[29]
ChatGPT Maker OpenAI Raises $6.6 Billion in Fresh Funding as It Moves Away From Its Nonprofit Roots
OpenAI said Wednesday it has raised $6.6 billion in venture capital investments as part of a broader shift by the ChatGPT maker away from its nonprofit roots. Led by venture capital firm Thrive Capital, the funding round was backed by tech giants Microsoft, Nvidia and SoftBank, according to a
[30]
OpenAI gets that bag with a $6.6 billion funding round | Digital Trends
OpenAI is now one of the wealthiest private companies on Earth after successfully raising $6.6 billion in its latest funding round on a valuation of $157 billion. "Every week, over 250 million people around the world use ChatGPT to enhance their work, creativity, and learning," the company wrote
[31]
ChatGPT maker OpenAI raises $6.6 billion in fresh funding as it moves away from its nonprofit roots
OpenAI says it has raised $6.6 billion in venture capital investments as part of a broader shift by the ChatGPT maker away from its nonprofit roots OpenAI said Wednesday it has raised $6.6 billion in venture capital investments as part of a broader shift by the ChatGPT maker away from its
[32]
OpenAI Has the Biggest Funding Round Ever and Crosses 250 Million Users in the Same Week
OpenAI almost doubled its valuation from $86 billion to $157 billion on Wednesday after a $6.6 billion funding round, the biggest venture capital deal ever. The ChatGPT-maker raised more than Elon Musk's xAI, which announced a funding round of $6 billion at a $24 billion valuation in May. Thrive
[33]
OpenAI has raised $6.6 billion, making it worth over $150 billion
OpenAI's multibillion-dollar funding round is now complete, giving the artificial intelligence startup a valuation of $157 billion. The $6.6 billion raise is one of the largest private investments ever and puts OpenAI among the top three largest startups with venture backing, Bloomberg reported,
[34]
OpenAI will fall the hardest when the AI bubble bursts, analyst says
OpenAI is now worth more than people were expecting. Wednesday, the artificial intelligence startup announced it had completed a $6.6 billion funding round, valuing it at $157 billion. The ChatGPT-maker's raise is the largest private investment ever and puts OpenAI among the top three largest
[35]
OpenAI raises USD6.6b in fresh funding
OpenAI said Wednesday it has raised USD6.6 billion in venture capital investments as part of a broader shift by the ChatGPT maker away from its nonprofit roots. Led by venture capital firm Thrive Capital, the funding round was backed by tech giants Microsoft, Nvidia and SoftBank, according to a
[36]
OpenAI raises $6.6bn in funding, is valued at $157bn
The startup behind ChatGP, which is reportedly planning to become a for-profit business, is now valued on par with Uber OpenAI has raised $6.6bn in a funding round that values the artificial intelligence business at $157bn, with chipmaker Nvidia and Japanese group SoftBank among its
[37]
OpenAI is now valued at $157 billion
OpenAI has nearly doubled what investors think it's worth -- but there's a catch. OpenAI, the company behind ChatGPT, has now raised $6.6 billion in a new funding round that values the company at $157 billion, nearly doubling its previous valuation of $86 billion, according to a report from The
[38]
OpenAI Completes Deal That Values Company at $157 Billion
OpenAI said on Wednesday that it had completed a $6.6 billion fund-raising deal that more than doubles the high-profile company's valuation from just nine months ago. The new fund-raising round, led by the investment firm Thrive Capital, values OpenAI at $157 billion, according to two people with
[39]
OpenAI has just reached a record valuation: No one knows how they have achieved $157 billion so far - Softonic
Microsoft, the main sponsor of OpenAI, contributed $750 million to OpenAI Sam Altman's company has just raised the astonishing amount of 6.6 billion dollars, resulting in a value of 157 billion. Even for a huge Silicon Valley company, that's a lot of money. In the midst of the company's downfall,
[40]
OpenAI Now Valued at $157B After Latest Funding Round
OpenAI's investors reportedly can withdraw their funds if the firm doesn't convert into a for-profit firm within two years but can't invest in its largest private rivals. Artificial intelligence (AI) giant OpenAI has raised $6.6 billion in new funding at a $157 billion valuation -- more than the
[41]
OpenAI value surges to $157bn in funding deal
The influx comes as the company has been in the spotlight, in part for internal leadership drama and debate over its future status. Chief executive Sam Altman is said to be restructuring the company to become a for-profit entity, stripping it of its non-profit board. While the company's
[42]
OpenAI Closes New Funding Round, Raising $6.6B
OpenAI said it has completed a deal to raise $6.6 billion in new funding, giving the AI company a $157 billion valuation, and bolstering its efforts to build the world's leading generative AI technology. The startup's also announced a $4 billion credit line from banks around the world giving it
[43]
OpenAI rakes in over $6 billion in new funding
The tech startup could still lose investors if it fails to convert to a for-profit model. Now that OpenAI is becoming a for-profit company, it's making a tidy profit in the process. reported that OpenAI has raised $6.6 billion in new funding from investors, nearly doubling its value to $157
[44]
OpenAI Raises USD 6.6 Billion to Accelerate AI Research and Expansion
Over 250 million people use ChatGPT weekly, with 11 million ChatGPT Plus subscribers. OpenAI announced it has raised USD 6.6 billion in new funding at a valuation of USD 157 billion to accelerate progress in AI research and expansion. "The new funding will allow us to double down on our leadership
[45]
OpenAI closes $6.6 billion funding haul at valuation of $157 billion with investment from Microsoft and Nvidia
Oct 2 (Reuters) - OpenAI has raised $6.6 billion from investors at a post-money valuation of $157 billion, cementing the ChatGPT maker's status as one of the most valuable private companies in the world, sources familiar with the matter said on Wednesday. The funding has attracted returning
[46]
OpenAI Market Cap Rivals Uber, AT&T After $6.6 Billion Fundraise | PYMNTS.com
OpenAI has reportedly raised $6.6 billion in new funding, nearly doubling its valuation. The artificial intelligence (AI) startup is now valued at $157 billion, The Wall Street Journal (WSJ) reported Wednesday (Oct. 7), noting that this figure puts the company in the same market capitalization
[47]
OpenAI plans to build even larger AI model as value skyrockets
Now the world's third largest venture-backed company, OpenAI has signalled that it will further boost its AI research. OpenAI has almost doubled its valuation to $157 billion (€142 billion) after the largest venture capital deal ever, making the ChatGPT maker the third-largest venture-backed
[48]
OpenAI's Roller-Coaster Week of Funding Windfalls, Product Pushes and Executive Departures | PYMNTS.com
In a whirlwind week that has left the tech world buzzing, artificial intelligence (AI) powerhouse OpenAI secured a staggering $6.6 billion in funding, unveiled new products, and weathered the unexpected departure of multiple top executives. The cascade of events underscores OpenAI's dominance in
[49]
Why OpenAI needs another $6.6 billion in VC money
Welcome to AI Decoded, Fast Company's weekly newsletter that breaks down the most important news in the world of AI. You can sign up to receive this newsletter every week here. OpenAI's product lineup and cast of executives are quickly evolving, but one thing has stayed the same-the company's need
[50]
ChatGPT owner OpenAI valued at whopping $157B after funding from...
OpenAI has raised $6.6 billion from investors at a post-money valuation of $157 billion, the company announced on Wednesday, cementing the ChatGPT maker's status as one of the most valuable private companies in the world. The funding has attracted returning venture capital investors including
[51]
IT'S OFFICIAL: OpenAI is worth $157 billion
OpenAI has officially closed its latest funding round, raising more than $6.6 billion in a deal that values the startup at massive $157 billion, the company announced on Wednesday. The deal cements OpenAI's status as one of the most valuable startups in the world, only trailing behind Elon Musk's
[52]
OpenAI has closed new funding round raising over $6.5 billion
The deal is one of the largest-ever private investments, and makes OpenAI one of the three largest venture-backed startups, alongside Elon Musk's SpaceX and TikTok owner ByteDance Ltd.OpenAI has completed a deal to raise over $6.5 billion in new funding, giving the artificial intelligence company a
[53]
AI Money: OpenAI Secures $6.6 Billion as Startup Poolside Nets Funding for 'Human-Level' AI | PYMNTS.com
In a whirlwind of investment activity, artificial intelligence companies secured unprecedented funding. OpenAI led the pack at a $6.6 billion raise. Poolside secured $500 million in a Series B for AI-powered software development. HPC-AI Tech raised $50 million for video generation and
[54]
OpenAI Raises Billions While Pledging to Work With 'U.S. and Allied Governments'
OpenAI is now valued at $157 billion, a close read of OpenAI's statement might provide some hints about the future. OpenAI has raised $6.6 billion at a $157 billion post-money valuation, according to a statement the company posted online Wednesday. The funding round was led by Thrive Capital,
[55]
OpenAI feels competitors breathing down its neck
Microsoft chief executive Satya Nadella expressed a common view in the tech industry when he said recently that large language models, the engines behind the generative AI boom, are becoming "more of a commodity". With a handful of leading model-builders vying for bragging rights with each new
[56]
OpenAI Raises $6.6B in Massive Funding Round
The company announced the news in a blog post Wednesday, writing that "the new funding will allow us to double down on our leadership in frontier AI research, increase compute capacity, and continue building tools that help people solve hard problems." The round was led by Joshua Kushner's Thrive
[57]
Breaking: OpenAI Pulls $6.6 Bln Funding As Valuation Tops $157 Bln
Artificial Intelligence giant OpenAI has seen its valuation top $157 billion after raising $6.6 billion from investors like NVIDIA Popularizing Artificial Intelligence with the help of ChatGPT has finally paid off big for OpenAI. In a major plot twist, the firm has seen its valuation top $157
[58]
OpenAI secures $6.6bn investment from UAE's MGX, Nvidia
Image credit: Didem Mente/ Getty Images OpenAI, the company behind ChatGPT, has raised $6.6bn from investors, which could value the company at $157bn and cement its position as one of the most valuable private companies in the world. The funding has attracted returning venture capital investors,
[59]
OpenAI just raised $6.6 billion to build ever-larger AI models
The funding round was led by Thrive Capital, which committed $1 billion, according to the Financial Times. It was also reported that Thrive got a special deal (not offered to other investors) that allows it to invest another $1 billion next year at the same valuation if the AI firm hits a revenue
[60]
OpenAI Has Closed New Funding Round Raising Over $6.5 Billion
OpenAI has completed a deal to raise over $6.5 billion in new funding, giving the artificial intelligence company a more than $150 billion valuation, and bolstering its efforts to build the world's leading generative AI technology. The deal is one of the largest-ever private investments, and makes
[61]
OpenAI raises $9.6b in funding at $228b valuation
Gift 5 articles to anyone you choose each month when you subscribe. OpenAI said it has completed a deal to raise $US6.6 billion ($9.6 billion) in new funding, giving the artificial intelligence company a $US157 billion ($228 billion) valuation, and bolstering its efforts to build the world's
[62]
OpenAI Just Landed a $157 Billion Valuation
OpenAI has raised $6.6 billion in what is understood to be the largest venture capital funding round of all time. The company was valued at an eye-popping $157 billion. OpenAI said in a statement that the $6.6 billion "will allow us to double down on our leadership in frontier AI research,
[63]
OpenAI Valuation Soars To $157B In Latest Funding Round - Microsoft (NASDAQ:MSFT), Apple (NASDAQ:AAPL)
OpenAI raises $6.6 billion at a post-money valuation of $157 billion to accelerate progress on AI. OpenAI has secured more than $6.5 billion in new funding at a valuation of $157 billion as it looks to increase its lead in the artificial intelligence space. What Happened: OpenAI on Wednesday
[64]
How Does OpenAI's Price Tag Stack Up to Survivors of the Dotcom Bubble?
OpenAI is forecast to lose $5 billion this year as revenue growth has failed to offset the immense costs of training and running AI models. OpenAI's latest fundraising round has made the ChatGPT maker one of the world's most valuable startups, and an unusually costly investment from a historical
[65]
OpenAI nearly doubles its valuation to receive $6.6 billion funding
Artificial intelligence (AI) company OpenAi has finalized a deal to raise $6.6 billion in funding from investors. The deal values the company at a whopping $157 billion, making it one of the most valuable private companies in the world. The funding round also saw participation from OpenAI's
[66]
OpenAI raises $6.6 billion in largest VC round ever
Driving the news: Joshua Kushner's Thrive Capital led the round, and was joined by Microsoft, Nvidia, SoftBank, Khosla Ventures, Altimeter Capital, Fidelity and MGX. The big picture: OpenAI is effectively transforming from a nonprofit lab to a product-focused company -- a move that has attracted
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OpenAI, the creator of ChatGPT, has raised $10 billion in just one week through a combination of venture funding and a credit facility. This massive influx of capital comes as the company faces significant financial challenges and debates over its future direction.

OpenAI, the company behind ChatGPT, has secured a staggering $10 billion in funding within a week, marking a significant milestone in the artificial intelligence industry. This financial boost comes from two sources: a $6.6 billion venture round and a $4 billion credit facility from major financial institutions
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.The venture round, which closed just a day before the credit facility announcement, valued OpenAI at an impressive $157 billion. This valuation places OpenAI among the most valuable privately held companies globally, trailing only ByteDance and SpaceX
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.The $4 billion credit facility involves a roster of financial heavyweights, including JPMorgan Chase, Citi, Goldman Sachs, Morgan Stanley, Santander, Wells Fargo, SMBC, UBS, and HSBC
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. This arrangement not only provides OpenAI with additional liquidity but also strengthens its relationships with these institutions, many of which are also OpenAI customers4
.Sarah Friar, OpenAI's Chief Financial Officer, emphasized the strategic importance of this credit facility, stating that it "further strengthens our balance sheet and provides flexibility to seize future growth opportunities"
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.Despite the influx of capital, OpenAI faces significant financial challenges. The company is reportedly on track to lose $5 billion in 2024, with projections indicating losses could exceed $11 billion in 2025
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. These losses are primarily attributed to the high costs associated with running AI services, particularly the extensive use of cloud computing resources.However, OpenAI's growth trajectory remains impressive. The company's user base has surged to over 350 million monthly active users, more than tripling in just six months
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. Annual revenue is expected to triple from $3.7 billion this year to $11.6 billion next year1
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The massive funding injection provides OpenAI with substantial strategic flexibility. It allows the company to invest in new initiatives, expand its infrastructure, and attract top talent without immediate financial constraints
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. This capital infusion is particularly crucial as OpenAI pursues its ambitious goal of achieving artificial general intelligence (AGI)2
.However, OpenAI's rapid growth and increasing commercialization have sparked internal debates. The company is reportedly considering a shift from its nonprofit origins to a fully for-profit model, raising questions about its original mission of advancing AI for public benefit
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.OpenAI's partnerships with major banks also highlight the growing adoption of AI in the financial sector. Despite initial hesitancy, many banks are now exploring AI applications. For instance, Morgan Stanley has introduced an AI assistant powered by OpenAI's GPT-4 model to help financial advisors, while JPMorgan Chase is using OpenAI's technology to enhance employee productivity
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.As OpenAI continues to push the boundaries of AI technology, its newfound financial strength positions it at the forefront of the AI revolution. However, the company must navigate the delicate balance between rapid growth, technological advancement, and its original mission as it shapes the future of artificial intelligence.
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