On top of OpenAI's long-awaited funding round that closed yesterday, the company has also put a $4 billion revolving credit line in place — bringing its total liquidity to more than $10 billion. JPMorgan Chase, Citi, Goldman Sachs, Morgan Stanley, Santander, Wells Fargo, SMBC, UBS, and HSBC all participated.
OpenAI just became one of the highest-valued privately held companies with its latest funding round, but it has a lot to live up to, amid ever- increasing competition.
OpenAI employees might soon have the opportunity to sell a portion of their shares, following the company's recent $6.6 billion funding round. This news comes from an internal company memo, which indicated that OpenAI plans to offer liquidity options to eligible employees through a tender offer.
U.S. artificial intelligence company OpenAI announced that it has raised $6.6 billion in its latest funding round, bringing its valuation to $157 billion. This valuation surpasses leading investment bank Goldman Sachs and global ride-hailing giant Uber, whose current market values are $155.4 billion and $154.3 billion, respectively.
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