Feed: Slashdot
Feed Link: https://slashdot.org/
---
Title: OpenAI Raises $110 Billion in the Largest Private Funding Round Ever
Link: https://slashdot.org/story/26/02/27/1355236/o...
OpenAI has closed what is now the largest private financing in history -- a
$110 billion round at a $730 billion pre-money valuation that more than
doubles the $40 billion raise it completed just a year ago, itself a record
for a private tech company at the time. Amazon invested $50 billion, SoftBank
put in $30 billion, and Nvidia committed $30 billion, and additional
investors are expected to join as the round progresses. The valuation is a
sharp jump from the $500 billion OpenAI commanded in a secondary financing in
October, and the round dwarfs recent raises by rivals Anthropic ($30 billion)
and xAI ($20 billion). The company has been telling investors it is now
targeting roughly $600 billion in total compute spend by 2030, a more
measured figure than the $1.4 trillion in infrastructure commitments CEO Sam
Altman had touted months earlier. OpenAI is projecting more than $280 billion
in total revenue by 2030, split roughly equally between consumer and
enterprise. ChatGPT now has over 900 million weekly active users and more
than 50 million paying subscribers.
Read more of this story at Slashdot.
---
VRSS v2.1.180528
|
Slashdot 
