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- OpenAI said to raise $6.5B at $150B in new funding round
OpenAI said to raise $6.5B at $150B in new funding round
Bay Area Times
September 12, 2024
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Top stories today:
- OpenAI said to raise $6.5B at $150B in new funding round
- Core CPI comes in higher than expected
- Polaris Dawn crew initiates spacewalk out of SpaceX Crew Dragon capsule
- Mistral launches Pixtral 12B as its first multimodal AI model
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0. Data and calendar
All values as of 6 AM ET / 3 AM PT, other than S&P500 and NASDAQ close (4 PM ET / 1 PM PT).
All times are ET.
1. OpenAI said to raise $6.5B at $150B in new funding round
7.5x valuation jump from 2022.
$5B in debt could be raised alongside.
Thrive Capital is said to lead the equity round.
OpenAI has faced increased competition, with Gemini, Grok, Claude, and the open weights Llama having broadly caught up in model quality
OpenAI’s ChatGPT still ranks #1 on LMSYS’s Chatbot Arena Leaderboard, but with a tight margin:
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3. Core CPI comes in higher than expected, increasing likelihood of 25 bps cut
