The Decoder
OpenAI lands an $11 billion funding round, but has to court dentists for more capitalround but now has to court dentists for more capital
OpenAI has secured $11 billion in fresh capital, the first tranche of a round that values the company at $1.25 trillion. The full round could swell to $20 billion. That OpenAI is already turning to wealthy private investors hints at a saturating AI capital market and growing investor caution.
By The Decoder
Excerpt shared by Lazyfounder
·Excerpt
OpenAI has received roughly $11 billion in new funding, the first tranche of a round valuing the company at $1.25 trillion. The money was wired on Friday, Bloomberg reports. The full…
Courtesy
This story was originally published by The Decoder. All rights belong to the original publisher.
Read the original on the-decoder.com ↗