OpenAI has officially announced a new round of investment of $40 billion, valuing the company at $300 billion, as previously reported. This marks the highest funding received outside the stock market, surpassing the previous record held by Ant Group in 2018 with $14 billion.
The main investors in this round are the SoftBank group, who OpenAI states have come to support the development of AI systems that accelerate scientific discoveries, create personalized educational systems, promote human creativity, and further the main goal of OpenAI to create beneficial multi-faceted AI capabilities for humanity.
According to earlier reports, SoftBank has agreed to invest $30 billion, with the remaining contributions coming from other investors. This investment comes with a crucial condition that has not been officially confirmed: OpenAI must convert its business entity into a For-Profit company by the end of this year.
With a business valuation of $300 billion, OpenAI now stands as a non-stock market company with the same valuation as ByteDance. The only company surpassing them is SpaceX at $350 billion.
Sam Altman, CEO of OpenAI, posted on X that ChatGPT was introduced 26 months ago and became one of the most viral events he has witnessed, with an increase of 1 million users within just 5 days. Currently, ChatGPT has gained another 1 million users within the past hour. OpenAI reports that ChatGPT has an average of 500 million regular users weekly.
Source: OpenAI and CNBC
TLDR: OpenAI announces a groundbreaking $40 billion investment, making it one of the most valuable companies globally, with a focus on advancing AI systems for scientific discoveries and educational enhancements, while ChatGPT continues to gain millions of users rapidly.
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