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The business side of tech. Analysis on tech giants, startups, market trends, emerging technologies, and policies shaping the IT landscape.

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OpenAI secures record-breaking $6.6 billion in funding, now valued at $157 billion

The company is one of the three largest venture-backed startups ever
Why it matters: We knew OpenAI was hot, but maybe not this hot. The company has just raised a startling $6.6 billion, leading to a valuation of $157 billion. Even by Silicon Valley standards this is a lot of money. OpenAI is close-lipped about how it will invest the capital, only saying it will accelerate AI research and increase its compute capabilities.
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