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OpenAI just raised $6.6 billion to build ever-larger AI models
A historically huge funding round.
It’s worth noting that OpenAI’s latest funding round just barely surpasses Elon Musk’s xAI, which raised $6 billion in May. This funding round values OpenAI at roughly 40 times its reported revenue, an unprecedented figure that highlights just how much hype surrounds AI in Silicon Valley. For OpenAI, which wants to build a series of “reasoning” models, those costs are only expected to balloon — making fresh funding rounds like this one critical.
Or read this on The Verge
