OpenAI, the artificial intelligence powerhouse, recently secured $6.6 billion in fresh capital from a mix of high-profile investors, including Citi and JPMorgan Chase.

This funding round pushed OpenAI’s valuation to an impressive $157 billion. As AI demand surges, OpenAI’s services are projected to generate $3.7 billion in revenue for 2024 and are expected to grow to $11.6 billion by 2025​.

In addition to the massive funding boost, OpenAI also established a $4 billion revolving credit line. Partnering with financial institutions such as Citi, Goldman Sachs, and UBS, the credit facility strengthens OpenAI’s liquidity, granting it access to more than $10 billion.

With more than 250 million weekly users of its AI tools, including ChatGPT, and over 1 million business subscribers, OpenAI is poised to maintain its market dominance. Despite the costs associated with developing large language models, the new capital ensures that OpenAI can continue prioritizing innovation over immediate profitability.

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