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2024-09-29 14:50:15
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AIbase
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12.1k
OpenAI Expected to Generate $3.7 Billion in Revenue This Year, With Potential Losses Reaching $5 Billion
Recently, OpenAI's financial situation has garnered widespread attention. According to a report by CNBC, OpenAI is expected to incur a loss of approximately $5 billion this year, while generating revenue of $3.7 billion. This information was first disclosed by The New York Times and later confirmed by CNBC. Notably, OpenAI's revenue reached $300 million last month, reflecting a staggering growth rate of 1700% compared to early last year. If this trend continues, OpenAI's sales are projected to reach $11.6 billion next year.
2024-09-13 14:34:38
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11.8k
UAE Sovereign Investment Company MGX Considering Investing Billions in OpenAI
Recently, reports have emerged that the UAE's sovereign investment company MGX is considering participating in a multi-billion dollar financing round for OpenAI. According to The Wall Street Journal, MGX has not yet determined the specific amount of its investment, while OpenAI is seeking to raise $6.5 billion and increase the company's valuation to $150 billion. This financing plan has the support of venture capital firm Thrive Capital, and Microsoft may also be involved, given its engagement since 2019.