OpenAI’s $6.5B funding round may close as soon as next week

Quick Summary:

That’s according to a new report in The Wall Street Journal, which also reveals that OpenAI’s rumored conversion from a nonprofit org into a for-profit company is now a virtual certainty.

ChatGPT maker OpenAI’s next funding round, said to be around $6.5 billion, could close as soon as the end of next week.

The WSJ piece paints a picture of a startup that, while having recently hit $4 billion in revenue, is still losing billions — and beset by internal clashes, a burnout-prone work culture, and technical delays.

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Article Details

Author / Journalist: Kyle Wiggers

Category: Technology

Markets: United StatesIndia

Topics: In Brief AI OpenAI Funding

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-27 @ 15:40:42 (11 hours ago)

News Timezone: GMT -5:00

News Source URL: techcrunch.com

Language: English

Article Length: 801 words

Reading Time: 5 minutes read

Sentences: 39 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © TechCrunch

News ID: 22752567

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