In addition to OpenAI’s new $ 6.6 billion megaround of funding at a post-money valuation of $ 157 billion, the outfit has secured a $ 4 billion revolving line of credit, it disclosed in a post Thursday night. The arrangement gives it “access to over $ 10 billion in liquidity, which gives us the flexibility […]
OpenAI raises $6.6B and is now valued at $157B
ChatGPT maker OpenAI has closed the largest VC round of all time. The startup today announced that it raised $ 6.6 billion in a funding round that values OpenAI at $ 157 billion pre-money. Led by previous investor Thrive Capital, the new cash brings OpenAI’s total raised to $ 17.8 billion or so, per Crunchbase. […]
Anthropic hires OpenAI co-founder Durk Kingma
Durk Kingma, one of the lesser-known co-founders of OpenAI, today announced that he’ll be joining Anthropic. In a series of posts on X, Kingma revealed that he’ll be working mostly remotely, from the Netherlands (where he’s based), but didn’t say which Anthropic org he’ll be joining — or leading. Reached for comment, an Anthropic spokesperson […]
OpenAI might raise the price of ChatGPT to $44 by 2029
ChatGPT could get more expensive to use in coming years. The New York Times, citing internal OpenAI docs, reports that OpenAI is planning to raise the price of individual ChatGPT subscriptions from $ 20 per month to $ 22 per month by the end of the year. A steeper increase will come over the next […]
Sam Altman reportedly poised to get equity in OpenAI for the first time
Following the abrupt departure of OpenAI’s CTO, Mira Murati, CEO Sam Altman is reportedly poised to receive equity in the company for the first time as OpenAI moves away from its longstanding nonprofit structure. Reuters, citing people familiar with the matter, reports that OpenAI plans to restructure into a for-profit benefit corporation — similar to […]