Friday, September 13, 2024

OpenAI's $150 billion valuation hinges on upending corporate structure

OpenAI is set to raise $6.5 billion through convertible notes, contingent on restructuring its corporate structure and removing a profit cap for investors. The funding round, valuing OpenAI at $150 billion, has strong investor interest from Thrive Capital, Khosla Ventures, Microsoft, Nvidia, Apple, and Sequoia Capital.

from Tech-Economic Times
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