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OpenAI Raises $6.6 Billion with Microsoft Support Amid AI Market Surge, Aiming for Leadership by 2030

Nov 2, 2024, 04:59 AM

OpenAI has recently raised $6.6 billion, marking the largest venture round ever. This significant funding comes as the company aims to solidify its position in the AI cloud market by 2030, bolstered by partnerships with tech giants like Microsoft. The venture capital landscape is seeing increased activity, with other startups also raising substantial amounts, including one that secured over $200 million last month. However, OpenAI's massive funding has sparked skepticism, with some questioning the sustainability of such high valuations in the AI sector. As OpenAI prepares to transition to a for-profit model, discussions with Microsoft are ongoing regarding the division of assets, though determining a fair market value presents challenges.