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fromBusiness Matters
1 day ago

OpenAI surpasses SpaceX with $500bn valuation after $6.6bn share sale

OpenAI, the creator of ChatGPT, has overtaken Elon Musk's SpaceX to become the world's most valuable startup, after a share sale pushed its valuation to $500 billion. The deal saw current and former OpenAI employees sell about $6.6 billion worth of shares to a group of high-profile investors, including Thrive Capital, SoftBank, Dragoneer Investment Group, Abu Dhabi's MGX, and T Rowe Price, according to Reuters.
Artificial intelligence
Startup companies
fromTechCrunch
1 week ago

Uber-rival Rapido doubles valuation to $2.3B following Swiggy stake sale | TechCrunch

Rapido's valuation rose to $2.3 billion after Swiggy sold its entire 12% stake to Prosus and WestBridge Capital.
Venture
fromTechCrunch
3 weeks ago

Ramp says it has hit $1B in annualized revenue | TechCrunch

Ramp reached $1 billion in annualized revenue, prompting a $22.5 billion valuation after rapid growth and a $500 million funding round.
Startup companies
fromBusiness Insider
3 weeks ago

From $1 million to $23 million in 14 months: How Anthropic is rewriting startup pay.

Anthropic's rapid valuation surge transformed employee equity into generational wealth, dramatically increasing engineers' paper value and reducing turnover.
fromTechCrunch
1 month ago

Investors are loving Lovable | TechCrunch

Investors are clambering to get onto Swedish vibe-coding startup Lovable's cap table, making unsolicited offers of investment that value the company at more than $4 billion, reports Financial Times. Lovable CEO Anton Osika isn't currently engaging with the flurry of inbound, the Times says, which comes a few weeks after the startup announced a $200 million round at a $1.8 billion valuation in a deal led by Accel.
Venture
Venture
fromEntrepreneur
1 month ago

OpenAI's Sam Altman Warns: Overexcited Investors, AI Bubble | Entrepreneur

Investments in AI may lead to a bubble similar to the dot-com crash of the early 2000s.
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