OpenAI CEO Sam Altman Reportedly Leading $150M Funding For Rain AI: Startup Called 'One Of The Legitimate Players At The Table' To Challenge Nvidia

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OpenAI CEO Sam Altman Reportedly Leading $150M Funding For Rain AI: Startup Called 'One Of The Legitimate Players At The Table' To Challenge Nvidia - Benzinga

Quick Summary:

OpenAI CEO Sam Altman is reportedly leading a $150 million funding round for Rain AI, a semiconductor startup aiming to rival Nvidia Corporation (NASDAQ:NVDA) in the AI chip market.

What Happened: The funding, which would value Rain AI at around $600 million, follows Altman's participation in the company's $25 million seed round in 2022, reported the New York Post, citing sources with direct knowledge.

See Also: Sam Altman-Backed Startup Aims To Store Carbon Dioxide In Rocks, Shrinking Decades-Long Timeline To ‘Single-Digit Months’