OpenAI, the artificial intelligence research company behind the viral chatbot ChatGPT, has raised $20 billion in a new funding round led by Microsoft and other investors, valuing the company at around $20 billion. The funding round is a significant milestone for OpenAI, which was founded in 2015 with the goal of developing advanced AI systems that can benefit humanity. The new funding will allow OpenAI to accelerate its research and development efforts, as well as expand its operations and hire more talent. According to the article, the funding round was led by Microsoft, which has been a key partner and investor in OpenAI since 2019. Other investors in the round included venture capital firms such as Khosla Ventures and Founders Fund. The article also notes that OpenAI’s valuation of $20 billion is a significant increase from its previous valuation of around $3 billion in 2019, reflecting the growing interest and investment in AI technology.
Source: https://www.businessinsider.com/openai-sam-altman-funding-round-ai-tech-investors-venture-2024-10