ChatGPT maker OpenAI sees value nearly double to $157 billion after new funding round

OpenAI, the company behind artificial Intelligence chatbot ChatGTP, has secured new financing to the tune of $6.6 billion from a variety of investors. The start-up is now valued at $157 billion, on par with such groups as Uber or AT&T. It will have to commit to converting to a for-profit company within two years. Also in this edition: Argentinian students protest the government's freeze on higher education spending and US President Joe Biden calls on port employers to end the dockworkers' strike.

Oct 3, 2024 - 06:00
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ChatGPT maker OpenAI sees value nearly double to $157 billion after new funding round
OpenAI, the company behind artificial Intelligence chatbot ChatGTP, has secured new financing to the tune of $6.6 billion from a variety of investors. The start-up is now valued at $157 billion, on par with such groups as Uber or AT&T. It will have to commit to converting to a for-profit company within two years. Also in this edition: Argentinian students protest the government's freeze on higher education spending and US President Joe Biden calls on port employers to end the dockworkers' strike.