Download App
iOS & Android

OpenAI Raises $175 Million for AI Startup Fund

OpenAI, a leading American AI company, has closed an investment fund after raising over $175 million from 14 investors, including Microsoft.

The OpenAI Startup Fund was launched in May 2021 to support AI-focused startups, with an initial goal of raising $100 million. However, the fund exceeded expectations and is now significantly larger.

OpenAI is already eyeing the future of AI and may raise as much as another $100 billion in the coming years to develop advanced artificial general intelligence.


All Comments

Recommended for you

  • EIP for EVM Native Bundles

    Today, all sequencing logic for a mainnet block is controlled by the single winner of the JIT PBS block auction. This is problematic as sequencing, the choice of who gets to alter what piece of state in what order, influences value flow. The goal of this EIP is to give transactions and smart contracts more control over how they are sequenced through explicit delegation of local sequencing rights.
  • Releasing Alloy

    One year ago, we announced Alloy, our full rewrite of the low-level building blocks for interacting with EVM blockchains, from the RPC types, down to the ABI encoders and primitive types.
  • Insider: Lens Protocol seeks to raise $50 million at a $500 million valuation

    On June 18th, informed sources revealed that Stani Kulechov, the founder and CEO of Avara, is in contact with US venture capital firms to seek $50 million in financing for Lens Protocol. This financing will bring its valuation to $500 million. Avara's spokesperson did not confirm or deny this information and declined to comment further. When asked about the issuance of coins, Kulechov said "we haven't gotten to that point yet." The main goal at present is the upcoming launch of Lens Network, a native network built on the ZKsync technology stack. In 2023, Lens Protocol raised $15 million in financing, while its competitor Farcaster raised $150 million in financing with a valuation of $1 billion four weeks ago.
  • Ripple vs SEC: The Legal Battle that Shook the Crypto World

    The ongoing legal battle between Ripple Labs and the United States Securities and Exchange Commission (SEC) has become a major talking point in the cryptocurrency world. This lawsuit, which began in 2020, could set a precedent for how digital assets are regulated in the future. Let’s dive into the details and understand what’s at stake.Think about how this can affect the regulations around coins in the future for a minute. How will the SEC look at the celebrity meme coin meta of today?
  • Volume 187: Digital Asset Fund Flows Weekly Report

    FOMC dot plot the likely cause of US$600m outflows
  • The History & Future of $MONEY

    Stablecoins have emerged as a foundational pillar within decentralized finance (DeFi), providing access to a fast, efficient, borderless, and stable way to transfer value on the internet. Among the plethora of decentralized stablecoin projects, one stands out for its innovative approach and groundbreaking advancements: $crvUSD.
  • Layer3 Raises $15M in Series A Funding for Development of Omnichain Identity and Distribution Protocol

    Layer3, a company that has developed an omnichain identity and distribution protocol, has raised $15 million in Series A funding, bringing the total amount raised to $21.2 million. The funding round was led by ParaFi and Greenfield Capital, with participation from several other investors. Layer3 plans to use the funds to expand its operations and development efforts. The company's protocol allows for targeted and efficient distribution of tokens to users based on a variety of criteria, and has already been adopted by several crypto teams.
  • South Korea’s New Reform Party Promises Stronger Measures Against Crypto Fraud

    On June 17th, the newly established right-wing political party in South Korea, the New Reform Party, announced plans to impose heavy penalties on those involved in financial fraud and scams, particularly individuals engaged in cryptocurrency fraud, housing contract fraud, and stock market manipulation.
  • Binance co-founder beseeches Elon Musk to address cryptocurrency scams on X

    According to Yi He, “a significant amount of money” was lost when users were tricked by an impersonation scam.
  • Deutsche Telekom announces Bitcoin mining plans at BTC Prague

    Deutsche Telekom’s plans and Web3 expansion follow its recently established position as a validator on’s decentralized blockchain.