CandleFocus OpenAI hits $157 billion valuation after new funding round
2024-10-02
Author: Content Editor
OpenAI has raised over $6.5 billion in a funding round, bringing its valuation to $157 billion. The new funding makes it one of the most valuable private startups and a strong contender in the generative AI technology sector. The money will be used to support operations and expenses. However, OpenAI is also undergoing leadership and structural changes, including high-profile departures and considering transitioning to a for-profit benefit corporation. This raises concerns about the fulfillment of its mission to develop safe and beneficial AI.
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