TNB Tech Minute: OpenAI Raises $6.6 Billion in New Funding Round
WSJ Tech News Briefing
The Wall Street Journal
4.3 • 1.7K Ratings
🗓️ 2 October 2024
⏱️ 3 minutes
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| 0:00.0 | exchanges the Goldman Sachs podcast featuring exchanges on rates, inflation and US |
| 0:11.2 | recession risk exchanges on the market impact of AI. |
| 0:15.0 | For the sharpest analysis on forces driving the markets and the economy |
| 0:20.0 | count on exchanges between the leading minds at Goldman Sachs. |
| 0:24.0 | New episodes every week. |
| 0:26.0 | Listen now. |
| 0:28.0 | Here's your Tn B Tech Minute for Wednesday, October 2nd. |
| 0:35.0 | I'm Zoe Thomas for the Wall Street Journal. |
| 0:39.0 | Open AI has raised $6.6 billion in a new funding round that nearly doubled the startup's valuation. |
| 0:47.3 | The fundraising process was complex, involving negotiations with tech giants and large private investors. |
| 0:54.4 | It came as Open AI experienced internal turmoil, including the departure of its chief technology |
| 1:00.1 | officer. |
| 1:01.4 | The startup behind ChatGPT is now valued at $157 billion |
| 1:06.8 | putting it on par with the market cap of publicly traded companies like Goldman Sachs and Uber |
| 1:12.4 | investors in the new round will have the right rated companies like Goldman Sachs and Uber. |
| 1:13.2 | Investors in the new round will have the right to withdraw their money if Open AI doesn't complete |
| 1:18.7 | a planned conversion from its current non-profit structure to a for-profit one. |
| 1:24.0 | Venture capital firm Thrive Capital led the funding round. |
| 1:28.0 | New investors include Soft Bank and Invidia. |
| 1:31.0 | Tesla reported its first rise in quarterly deliveries this year, reversing earlier |
| 1:36.9 | declines that have raised concerns on Wall Street about the electric vehicle maker's |
| 1:41.8 | ability to grow. |
... |
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