OpenAI closed a $6.6 billion funding round at a $157 billion post-money valuation, led by Thrive Capital with participation from Microsoft, Nvidia, SoftBank, and others. The valuation represents a 96% increase from an $80 billion valuation earlier in 2024, and OpenAI projects $11.6 billion in annual revenue by 2025 against expected 2024 losses of $5 billion. The capital round signals sustained investor confidence in frontier model development despite steep operating losses and high GPU procurement costs, while also embedding key chipmaker and cloud-provider participation in OpenAI's capital structure.
252 other tracked developments touching the same claims.