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OpenAI's $6.5 billion funding round oversubscribed: Report
short by Mansi Agarwal / on Friday, 20 September, 2024
Sam Altman-led OpenAI's $6.5 billion funding round has been oversubscribed, with excess demand running in billions, Bloomberg reported. While Microsoft, Apple and NVIDIA are among the investors likely to secure access to the round, some investors will get cut. The deal will reportedly value the AI startup at $150 billion, 74% higher than its previous valuation of $86 billion.
read more at NewsBytes