OpenAI Nears $10 Billion Venture Funding as Round Reaches About $120 Billion
The update says OpenAI is close to securing another major investment, which would lift the total size of its latest funding round to roughly $120 billion.
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Terms & Concepts
Venture investors: Firms or funds that provide capital to private companies, typically in exchange for equity and often during high-growth stages.
Funding round: A capital-raising event in which a company secures investment from backers to finance growth, operations, or product development.