OpenAI Surpasses Goldman Sachs in Valuation, Tops $157 Billion
After its latest funding round, emerging artificial intelligence giant OpenAi has surpassed Goldman Sachs in valuation, reaching $157 billion. The company’s valuation has nearly doubled in the last nine months alone. They recently raised $6.6 billion in its latest funding round to eclipse this milestone, with funding led by venture company Thrive Capital. Microsoft; Nvidia; SoftBank; Khosla Ventures; Altimeter Capital; Fidelity; Tiger Global and MGX also participated in OpenAI’s recent funding. In a Wednesday press release, OpenAI says “The new funding will allow us to double down on our leadership in frontier AI research, increase compute capacity, and continue building tools that help people solve hard problems.” The news of funding also comes after the company’s recent decision to transform its company into a for-profit . OpenAI Chief Financial Officer Sarah Friar told employees on Wednesday that the company will be able to provide liquidity for them thr...