The company projects that its revenue will reach $100 billion in 2029, equaling the current annual sales of the food company Nestlé.
OpenAI managed to close this week the largest venture capital round in history, after raise US$6.6 billion as financing for the development of artificial intelligence. In this way, the company’s valuation amounts to US$157,000 million.
Considered a startup within the universe of the main techOpenAI received a huge contribution from US$1.3 billion from Thrive Capitala US venture capital firm. In addition, there were other investors such as Microsoft, Nvidia, SoftBank, Khosla Ventures, Altimeter Capital, Fidelity and MGX.
Through a blog post, the company wrote: “The new financing will allow us deepen our leadership in advanced AI research, increase computing power, and continue building tools that help people solve difficult problems“.
In addition, they assured that they are “grateful to our investors for their trust in us, and we look forward to working with our partners, developers and the community in general to shape an ecosystem and future powered by AI that benefits everyone“.
OpenAI increasingly increases its income
While OpenAI was the best-funded AI startup in the world, This new investment puts the San Francisco-based company in a category of its own.
The capital obtained is key to financing the artificial intelligence career. The company has already allocated more than $7 billion to train AI models and another $1.5 billion on its staff.. They are leaders in the generative AI market, and ChatGPT has more than 250 million users (around 10 million are paying subscribers), with annual revenues that have exceeded US$3.4 billion. That service could generate US$2.7 billion on its own this year.
Microsoft, a close OpenAI partner and investor, which has already invested more than US$13,000 millionhas built an entire suite of productivity products based on OpenAI models. And Apple is integrating ChatGPT into its line of AI technology Apple Intelligence.
Source: Ambito
I am an author and journalist who has worked in the entertainment industry for over a decade. I currently work as a news editor at a major news website, and my focus is on covering the latest trends in entertainment. I also write occasional pieces for other outlets, and have authored two books about the entertainment industry.
