AI Giant's Historic Fundraising Amid Growing Hype
OpenAI Secures Massive $6.6 Billion Boost
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In an impressive funding round led by Thrive Capital, OpenAI has raised a whopping $6.6 billion. This massive influx will support the development of more advanced AI models as OpenAI continues its mission toward achieving artificial general intelligence. The funding was spearheaded by Thrive Capital, committing $1 billion under an exclusive agreement, allowing further investment next year contingent on revenue goals. The deal also hinges on a potential restructure of OpenAI to a for-profit entity within two years, or investors may pull back their funds. In a unique twist, OpenAI has also requested investors to refrain from supporting rival AI startups.
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