Investors Bet OpenAI Is On The Path To 'Building A Trillion-Dollar Company' As Sam Altman-Led ChatGPT Maker Aims To Raise $5B And More In Upcoming Funding Round
Portfolio Pulse from Benzinga Neuro
OpenAI, backed by Microsoft, is raising $5 billion in a funding round valuing it at $150 billion. Thrive Capital has invested $1 billion. The company aims to become a trillion-dollar entity, but some investors are cautious about returns.
September 20, 2024 | 2:30 pm
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Microsoft, a key backer of OpenAI, could benefit from OpenAI's $5 billion funding round and $150 billion valuation, potentially boosting its AI capabilities and market position.
Microsoft's investment in OpenAI positions it to benefit from OpenAI's growth and technological advancements. The $150 billion valuation and $5 billion funding round indicate strong market confidence, which could positively impact Microsoft's stock.
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