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Databricks said on Tuesday it had secured a valuation of $62 billion after a $10 billion funding round led by Thrive Capital, highlighting the robust demand for artificial intelligence-focused startups. The data and analytics company will invest the funds in new AI products and acquisitions while expanding its international footprint. The massive fundraise highlights Silicon Valley's unprecedented appetite for companies capitalizing on the AI boom.

Subscribe to enjoy similar stories. Amazon.com is in talks to invest up to $50 billion in OpenAI, according to people familiar with the matter, in what would be a giant bet on the hot AI startup. The ChatGPT maker is seeking up to $100 billion in new capital from investors, a round that could value it at as much as $830 billion, The Wall Street Journal previously reported.

The five-year-old startup hit the new valuation as it sold $150 million worth of its secondaries to investors including Singaporean wealth fund GIC, Thrive Capital, Khosla Ventures and General Catalyst, Ramp said in a statement on Monday. Ramp joins other startups in allowing employees to cash out their shares, a move that could delay the companies' IPO plans.

Subscribe to enjoy similar stories. When he was in college in Sweden, Ali Ghodsi read an article about a chief executive who was hired to save a struggling tech company. It reminded him of the surgeries his parents, both doctors, performed while he was growing up.

Artificial intelligence startup Sierra, co-founded by ex-Salesforce co-CEO Bret Taylor, is more than quadrupling its valuation to $4.5 billion in a fresh funding round.

LONDON — Cybersecurity firm Wiz is seeking to hit $1 billion of annual recurring revenues next year, the company's billionaire co-founder Roy Reznik told CNBC, adding that the firm will go public «when the stars align.»

OpenAI says it has raised $6.6 billion in venture capital investments as part of a broader shift by the ChatGPT maker away from its nonprofit roots

investors such as Thrive Capital and Tiger Global invest $6.6 billion in OpenAI, the ChatGPT-maker sought a commitment beyond just capital — they also wanted investors to refrain from funding five companies they perceive as close competitors, sources told Reuters. The list of companies includes rivals developing large language models such as Anthropic and Elon Musk's xAI. OpenAI's co-founder Ilya Sutskever's new company, Safe Superintelligence (SSI), is also on the list. These companies are racing against OpenAI to build large language models, which requires billions in funding. Two AI applications firms, including AI search startup Perplexity and enterprise search firm Glean, were also named in OpenAI's conversation with investors, suggesting OpenAI plans to sell more of its tools to enterprises and end users as it makes ambitious revenue growth projection to $11.6 billion in 2025 from $3.7 billion this year. OpenAI, Perplexity and SSI declined to comment. Anthropic and Glean did not immediately respond. XAI could not be reached for a comment.

OpenAI CFO Sarah Friar is looking to reassure its investors that the richly valued artificial intelligence startup is still in a strong position and is poised to close a big funding round soon, despite losing top talent this week.

OpenAI's new financing round is expected to come in the form of convertible notes, according to sources with direct knowledge of the matter, who said its $150 billion valuation will be contingent on whether the ChatGPT-maker can upend its corporate structure and remove a profit cap for investors. The details of the conditions of the $6.5 billion funding, which have not been previously reported, shows how far OpenAI, the most valuable AI startup in the world, has come from a research-based non-profit, and the structural changes it's willing to make to attract ever more investment to fund its expensive pursuit of artificial general intelligence (AGI). The outsized funding round has seen strong investor demand and could be finalized in the next two weeks, given the rapid growth of OpenAI's revenue, sources added.

Subscribe to enjoy similar stories. A United Arab Emirates state-backed company is in talks to invest in OpenAI as part of a multibillion-dollar fundraising round for the startup behind ChatGPT. MGX, which the U.A.E.

funding plans, OpenAI has tapped political veteran Chris Lehane as its vice president of global policy. Lehane held a similar role at Airbnb and served in the Clinton White House as a lawyer and spokesperson who specialized in opposition research. He earned a reputation as «the master of disaster» during his time working for President Bill Clinton. As OpenAI has built increasingly powerful artificial intelligence technologies, it has warned of their potential danger, and it is under pressure from lawmakers, regulators and others across the globe to ensure that these technologies do not cause serious harm. Some researchers worry that the AI systems could be used to spread disinformation, fuel cyberattacks or even destroy humanity.

Apple is in talks to invest in OpenAI, a move that would cement ties to a partner integral to its efforts to gain ground in the artificial-intelligence race. The investment would be part of a new OpenAI fundraising round that would value the ChatGPT maker above $100 billion, people familiar with the situation said.

Apple is in talks to invest in OpenAI as part of a new fundraising round that would value the ChatGPT maker above $100 billion, Wall Street Journal reported on Thursday, citing people familiar with the matter. The news comes a day after the Journal reported that venture-capital firm Thrive Capital would invest around $1 billion in OpenAI, leading the funding round. Apple and OpenAI did not immediately respond to Reuters requests for comment, while Thrive Capital and Microsoft declined comment.

Apple is in talks to invest in OpenAI as part of a new fundraising round that would value the ChatGPT maker above $100 billion, Wall Street Journal reported on Thursday, citing people familiar with the matter. The news comes a day after the Journal reported that venture-capital firm Thrive Capital would invest around $1 billion in OpenAI, leading the funding round. OpenAI-backer Microsoft is also expected to invest in the firm, the report said.

Digital-first financial advisory platform Savvy Wealth is ready to enter the next phase of its growth story as it receives an additional multimillion-dollar capital infusion.

Wiz said Tuesday it raised $1 billion in a deal valuing the fast growing cloud security startup at $12 billion. Wiz said the funding round, which brings the company’s total funding to $1.9 billion, was led by Andreessen Horowitz, Lightspeed Venture Partners and Thrive Capital. Greylock Partners, Wellington Management and existing investors Cyberstarts, Greenoaks, Index Ventures, Salesforce Ventures, Sequoia Capital and former Starbucks chief executive Howard Schultz also participated.

OpenAI has completed a deal allowing employees to sell stakes in the company, according to a person familiar with the matter. The tender offer values the artificial intelligence startup at $86 billion, a price that makes OpenAI one of the most valuable startups in the world. Bloomberg previously reported the value and that Thrive Capital, the venture capital firm led by Josh Kushner, would lead the deal.

artificial intelligence startup at $86 billion, a price that makes OpenAI one of the most valuable startups in the world. Bloomberg previously reported the value and that Thrive Capital, the venture capital firm led by Josh Kushner, would lead the deal. Also Read | Why Jeff Bezos sold Amazon shares worth $6 billion this week? Internet has some funny reasons OpenAI and Thrive Capital declined to comment.

OpenAI has completed a deal that values the San Francisco artificial intelligence company at $80 billion or more, nearly triple its valuation in less than 10 months, according to three people with knowledge of the deal. The company would sell existing shares in a so-called tender offer led by venture firm Thrive Capital, the people said. The deal lets employees cash out their shares in the company, rather than a traditional funding round that would raise money for business operations.

Elon Musk’s Space Exploration Technologies Corp., according to data from CBInsights. OpenAI declined to comment. The company is set to complete a separate tender offer in early January, which would allow employees to sell their shares at a valuation of $86 billion, Bloomberg previously reported.