OpenAI Nearly Doubles Valuation to $157 Billion in Funding Round - The Wall Street Journal

Skip to Main Content

Skip to...

Select

- What to Read Next
- Most Popular News
- Most Popular Opinion

Advertisement

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by
our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact
Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com.

https://www.wsj.com/tech/ai/openai-nearly-doubles-valuation-to-157-billion-in-funding-round-ee220607

# OpenAI Nearly Doubles Valuation to $157 Billion in Funding Round

## Startup behind ChatGPT raises $6.6 billion from backers including Microsoft, SoftBank and Thrive Capital

By

[Deepa Seetharaman](https://www.wsj.com/news/author/deepa-seetharaman)

Follow

,

[Tom Dotan](https://www.wsj.com/news/author/tom-dotan)

Follow

and

[Berber Jin](https://www.wsj.com/news/author/berber-jin)

Follow

Updated Oct. 2, 2024 6:21 pm ET

* * *

Listen

(2 min)

You may also like

CloseCreated with sketchtool.

Up Next

CloseCreated with sketchtool.

![Checkbox](https://video-api.wsj.com/api-video/player/v3/static/99ee5505e35396ed97c8.svg)Embed code copied to clipboard

![Copy Link](https://video-api.wsj.com/api-video/player/v3/static/4e9db59982d53ba9c1b9.svg)Copy Link

![Copy Embed](https://video-api.wsj.com/api-video/player/v3/static/cbf0014d1a3c1797ee01.svg)Copy Embed

[![Share on Facebook](https://video-api.wsj.com/api-video/player/v3/static/6fab078a7d1804334537.svg)Facebook](https://www.facebook.com/sharer/sharer.php?u=https://www.wsj.com/video/series/in-depth-features/sam-altmans-openai-dilemma-profit-vs-benefit-of-humanity/90EA5721-9538-4E34-B422-CBADBE5109B5&t=Sam%20Altman%E2%80%99s%20OpenAI%20Dilemma:%20Profit%20vs.%20%E2%80%98Benefit%20of%20Humanity%E2%80%99 "Share on Facebook")

[![Share on Twitter](https://video-api.wsj.com/api-video/player/v3/static/f69759a8fc313b5062ff.svg)Twitter](https://twitter.com/intent/tweet?url=https://www.wsj.com/video/series/in-depth-features/sam-altmans-openai-dilemma-profit-vs-benefit-of-humanity/90EA5721-9538-4E34-B422-CBADBE5109B5&text=Sam%20Altman%E2%80%99s%20OpenAI%20Dilemma:%20Profit%20vs.%20%E2%80%98Benefit%20of%20Humanity%E2%80%99 "Share on Twitter")

CloseCreated with sketchtool.

Your browser does not support HTML5 video.

0:00

PlayCreated with sketchtool.

Paused

MuteCreated with sketchtool.

0:00 / 9:13

ShareCreated with sketchtool.Closed Captions ActiveCreated with sketchtool.Fullscreen InactiveCreated with sketchtool.

Click for Sound

When Sam Altman co-founded OpenAI in 2015, the AI industry was niche. Here’s how he built the company into an $86 billion giant, off the back of Chat-GPT and splashy new products like Sora and GPT-4o. Photo: Jason Redmond/AFP

OpenAI has raised $6.6 billion in new funding, capping a [complex fundraising process](https://www.wsj.com/tech/ai/openai-in-talks-for-funding-round-valuing-it-above-100-billion-4f0550c5?mod=article_inline) that involved negotiations with mult

... (truncated, 20 KB total)