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> The new fund-raising round, led by the investment firm Thrive Capital, values OpenAI at $157 billion, according to two people with knowledge of the deal. Micr
by throwup238 2y ago
> The new fund-raising round, led by the investment firm Thrive Capital, values OpenAI at $157 billion, according to two people with knowledge of the deal. Microsoft, the chipmaker Nvidia, the tech conglomerate SoftBank, the United Arab Emirates investment firm MGX and others are also putting money into OpenAI.
Yeah, that bodes well. Led by Jared Kushner's brother's VC firm with the UAE's sovereign wealth fund and Softbank following. If not for Microsoft and NVIDIA, this would be the ultimate dumb money round.
- jddj 2y agoMicrosoft and (indirectly) Nvidia are the real destinations for a bunch of that money anyway, so I think your point stands.
- ralph84 2y agoMicrosoft and NVIDIA are guaranteed an ROI since it comes right back as revenue for them.
- blackhawkC17 2y ago[flagged]
- asukumar 2y agoThrive is one of the 10 most respected firms in venture capital. They work super hard and have a track record to prove it. Nobody who knows what they’re talking about would consider them dumb money. https://www.newcomer.co/p/sequoia-founders-fund-usv-elad-gil https://www.newcomer.co/p/sequoia-founders-fund-usv-elad-gil
- KoolKat23 2y agoSoftbank is the one I'd worry about
- BonoboIO 2y agoSoftBank you say … boy I wouldn’t touch anything that SoftBank is investing in.