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OpenAI Asking for Tens of Billions in New Investment to "Fund Its Money-Losing business Operations"

Victor Tangermann

created: Jan. 31, 2025, 12:25 a.m. | updated: March 19, 2025, 5:36 p.m.

<p>After getting epically roasted by the AI industry, OpenAI is seemingly refusing to reevaluate its approach, asking investors to close their eyes and give them another $40 billion anyway, pretty please. As the Wall Street Journal reports, the Sam Altman-led company is in early talks for a new round of funding that would value it at a gargantuan $340 billion — which would put it among the 30 biggest companies in the world by market cap. That's also more than twice the $157 billion it was valued at in October. Despite its sky-high valuation, it bears repeating that OpenAI isn't […]</p>

5 months, 1 week ago: Futurism