"FT": OpenAI valued at $500 billion - most valuable startup ever - OpenAI's Valuation Soars to $500B as Rival Anthropic Raises $1B
Anthropic, a rival of OpenAI, has secured a billion-dollar funding boost, pushing its valuation to $183 billion. Meanwhile, OpenAI's own valuation has soared to $500 billion, making it the most valuable startup ever.
OpenAI's meteoric rise comes on the heels of significant investments. In 2023 alone, a consortium including SoftBank, Thrive Capital, and others poured billions into the company through a private stock placement, with employees and former employees selling shares worth about $6.6 billion. This follows a trend of massive investments in AI, with Nvidia, now the world's most valuable company, announcing $100 billion in investments in data centers for OpenAI.
OpenAI's revenue has been impressive, raking in $4.3 billion in the first half of the year. The company plans to spend tens of billions in the coming years to build computer infrastructure for its AI applications. However, some industry observers caution that these massive investments could potentially form a bubble.
OpenAI's valuation has more than doubled since March, reaching $500 billion. SoftBank plans to invest around $40 billion in OpenAI by the end of the year, further cementing its commitment to the company's future.
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