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Business > Foreign Business
Historic funding round values OpenAI at $157B
By Agence France-Presse
Oct 04, 2024 12:13 am

SAN FRANCISCO, California — OpenAI, the company behind ChatGPT, secured $6.6 billion in new funding, propelling its valuation to $157 billion and cementing its position as the world leader in artificial intelligence (AI).

The landmark investment, one of Silicon Valley's largest, was announced by OpenAI on Wednesday.

HISTORIC OpenAI Chief Executive Officer Sam Altman speaks during the Microsoft Build conference in Seattle, Washington, on May 21, 2024. OpenAI, the maker of ChatGPT, has closed a massive funding round amounting to $6.6 billion as it seals its place as the world leader on artificial intelligence. AFP PHOTO

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