OpenAI Becomes World's Most Valuable Startup at $500 Billion
OpenAI has secured a massive investment, making it the world's most valuable startup. The deal, led by SoftBank, values the company at $500 billion, surpassing SpaceX.
Last spring, OpenAI was valued at $300 billion following a $40 billion funding round. In the latest transaction, employees sold shares worth around $6.6 billion at the new valuation. This deal brings in new investors such as Thrive Capital, Dragoneer Investment Group, MGX from Abu Dhabi, and T. Rowe Price. Notably, Nvidia is planning a significant investment of up to $100 billion tied to AI compute deployment for OpenAI.
The transaction also makes OpenAI the most valuable startup globally, surpassing SpaceX.
OpenAI's latest funding round, led by SoftBank, values the company at $500 billion. Employees sold shares worth $6.6 billion, and new investors including Nvidia have joined the round. This deal cements OpenAI's position as the world's most valuable startup.
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