Microsoft, SoftBank, and Nvidia Invest in ChatGPT Creator

  • OpenAI raises $6.6 billion in new funding round, valuing the startup at $157 billion
  • Microsoft, SoftBank, and Nvidia among investors
  • Thrive Capital led the round with a $1.25 billion investment
  • ChatGPT has 250 million weekly active users and 11 million paying subscribers
  • OpenAI competes with Meta, Google, and startups like Anthropic in AI space

OpenAI has secured a staggering $6.6 billion in new funding, valuing the startup behind ChatGPT at an impressive $157 billion. This latest round was led by Thrive Capital with a $1.25 billion investment and saw participation from Microsoft, SoftBank, Nvidia, Khosla Ventures, Altimeter Capital, Fidelity Management and Research Company, and MGX. The funding will help OpenAI compete with rivals like Meta, Google, and Anthropic in the AI space. ChatGPT boasts 250 million weekly active users and 11 million paying subscribers.

Factuality Level: 8
Factuality Justification: The article provides accurate information about OpenAI’s recent funding round, its valuation, investors, and the company’s current state. It also discusses the competition in the AI space and internal tensions within the company. The article is well-researched and objective, with no clear signs of sensationalism or personal perspective presented as fact.
Noise Level: 3
Noise Justification: The article provides relevant information about OpenAI’s funding round and its valuation, as well as some insights on the company’s internal dynamics and competition in the AI space. It also mentions key investors and recent hires. However, it could have delved deeper into the implications of the shift towards a for-profit model and the potential impact on OpenAI’s original mission.
Public Companies: Microsoft (MSFT), Goldman Sachs (null), Uber (null), AT&T (null), Nvidia (null), Apple (null), Meta (null), Google (null)
Private Companies: OpenAI,Thrive Capital,SoftBank,Khosla Ventures,Altimeter Capital,Fidelity Management and Research Company,MGX,Anthropic
Key People: Sam Altman (Chief Executive), Sarah Friar (Chief Financial Officer)

Track all markets on TradingView

Financial Relevance: Yes
Financial Markets Impacted: Yes
Financial Rating Justification: The article discusses OpenAI’s $6.6 billion funding round, which impacts the company’s valuation and its investors such as Microsoft, SoftBank, Nvidia, and others. It also mentions competition in the AI space with companies like Meta and Google, affecting financial markets.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: There is no extreme event mentioned in the article.
Deal Size: The deal size of OpenAI’s new funding round is $6,600,000,000 (6.6 billion USD).
Move Size: No market move size mentioned.
Sector: Technology
Direction: Up
Magnitude: Large
Affected Instruments: Stocks

Reported publicly: www.wsj.com www.barrons.com www.marketwatch.com