OpenAI closes an investment round that brings the company 6.6 billion in fresh capital. Nvidia is the most notable new investor.

An investment round brought OpenAI 6.6 billion in fresh capital. The company’s valuation rises to $157 billion, making OpenAI one of the most valuable private startups. Investors include Abu Dhabi-based Thrive Capital, SoftBank and MGX.

Microsoft has also opened its pockets again for OpenAI. A notable newcomer is Nvidia, which is investing in OpenAI for the first time. Apple was in the running for a long time, but withdrew at the last minute.

OpenAI would also like to share the fresh capital with its own employees. The employees are made an offer to sell back their company shares.

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OpenAI is in the process of transitioning from a non-profit organization to a commercial, for-profit company. This transition means that investors will judge the company more strictly based on sales and profit figures. OpenAI says it is on track to generate $3.6 billion in revenue per year, but the cost of running ChatGPT far exceeds that amount. Investors have reportedly been told that ChatGPT will increase prices to increase revenue.

At the same time, OpenAI is facing increasing competition. Every self-respecting tech company wants a piece of the AI ​​pie. This competition also comes from our own investors. Just yesterday, Nvidia introduced an open source model that is intended to compete directly with GPT-4o.