# OpenAI Secures Over $6.5 Billion in New Funding Round! 💰

**URL:** <https://onehack.st/t/openai-secures-over-6-5-billion-in-new-funding-round/292702>\
**Category:** News & Articles\
**Tags:** business, ai, trading\
**Created:** [October 3, 2024, 6:20pm UTC](https://onehack.st/t/openai-secures-over-6-5-billion-in-new-funding-round/292702 "2024-10-03T18:20:15Z")\
**Posts on this page:** 1\
**Page:** 1

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**Author:** ![TheJoker](https://onehack.st/user_avatar/onehack.st/thejoker/32/22660_2.png) [@TheJoker](https://onehack.st/u/TheJoker)\
**Post date:** [October 3, 2024, 6:20pm UTC](https://onehack.st/t/openai-secures-over-6-5-billion-in-new-funding-round/292702/1 "2024-10-03T18:20:15Z")

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**Summary:**

1. **Massive Funding Round Completed**  
OpenAI has successfully closed a new funding round, raising over $6.5 billion and achieving a valuation exceeding $150 billion.

2. **Position Among Top Startups**  
This funding makes OpenAI one of the three largest venture-backed startups globally, joining the ranks of Elon Musk’s SpaceX and TikTok owner ByteDance.

3. **Significance of the Investment**  
The substantial investment highlights the tech industry’s strong belief in artificial intelligence’s potential and the willingness to finance the costly research that drives its progress.

4. **Led by Thrive Capital**  
The funding round was led by Thrive Capital, a venture capital firm run by Josh Kushner, along with other notable global investors.

5. **Request for Exclusivity**  
In connection with this funding, reports indicate that OpenAI has requested its investors to refrain from supporting rival companies, aiming to strengthen its competitive edge in the AI landscape.

**Read more at:** [Bloomberg](https://www.bloomberg.com/news/articles/2024-10-02/openai-has-closed-new-funding-round-raising-over-6-5-billion)