Factbox-AI startups ride on investor frenzy to raise billions in 2024

12:52 pm Friday, October 04th, 2024

(Reuters) – OpenAI recently closed a $6.6 billion funding round at a $157 billion valuation that highlighted the enthusiasm around generative artificial-intelligence technology since the startup burst onto the scene with the launch of ChatGPT in late 2022.

Since then a number of AI startups have managed to attract funding from well-known venture-capital funds and angel investors.

($1 = 0.9067 euros)

(Reporting by Priyanka.G, Rishi Kant and Deborah Sophia in Bengaluru)

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