📈 Market Analysis: Microsoft and Nvidia contribute $6.6 billion to OpenAI's financial haul
OpenAI, the company behind ChatGPT, has raised $6.6 billion in funding, potentially valuing it at $157 billion, making it one of the most valuable private companies globally. Key investors include ThriveCapital, KhoslaVentures, Microsoft, Nvidia, and Abu Dhabi's MGX, with Thrive committing $1.2 billion and an option for more. OpenAI's Chief Technology Officer, Mira Murati, recently departed. The funding was raised via convertible notes, with equity contingent on OpenAI's transition from a non-profit model. Despite projected revenues of $3.6 billion for 2023, OpenAI expects losses over $5 billion. Future revenue forecasts reach $11.6 billion by 2025, driven by CEO SamAltman's focus on AGI development and scaling commercial efforts.
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