Thrive Capital invested about $1 billion in OpenAI at a $285 billion valuation, source says
CNBC
The investment was separate from the $100 billion funding round that OpenAI is finalizing, according to a source.
Joshua Kushner's Thrive Capital invested roughly $1 billion in OpenAI at a $285 billion valuation in December, a source confirmed Wednesday.
It is a preferential deal for the venture capital firm that has long been one of the artificial intelligence startup's major financial backers.
OpenAI is finalizing a massive funding round that could total more than $100 billion and boost the company's valuation to $800 billion. Thrive's investment late last year was a separate deal, but the firm is likely to participate in the current round, according to a source familiar with the discussions who asked not to be named because the talks are confidential.
Memory shortages. Way behind on AI. Tariff troubles. None of that seems to matter to Apple.
Meta is beginning a multiyear rollout of more advanced AI systems that will handle content enforcement-related tasks like catching scams and illegal media.
People in China are rushing to buy preowned computers to try OpenClaw with demand for MacBooks particularly high, according to one reseller.
China's ClawdBot use is soaring as tech giants hold meet-ups to help everyone add the artificial intelligence digital assistant to their devices.
The Investing Club holds its "Morning Meeting" every weekday at 10:20 a.m. ET.
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Chinese AI stocks surged on Wednesday following upbeat remarks from Nvidia's chief executive Jensen Huang on the promise of AI agents and OpenClaw.
Nvidia CEO Jensen Huang pointed to a fast-rising project called OpenClaw as a major step forward in how people interact with AI.
OpenAI has hired the former DocuSign CFO Cynthia Gaylor to run investor relations as the company gears up for a potential IPO.
Microsoft is doubling down on its superintelligence group to build models, while consolidating engineering efforts for its Copilot assistants.
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A decline in oil on Monday triggered stock buying, particularly in AI stocks like Nvidia, which wowed investors at its developers conference.
AVs are important to Nvidia as self-driving cars remain one of the primary areas where the company can show growth outside of artificial intelligence.