✎ Contributed by Ty Griffin
OpenAI has secured a $40 billion funding round led by SoftBank, elevating its valuation to $300 billion. This substantial investment underscores the growing prominence of artificial intelligence in the technology sector.
Performance of Publicly Traded AI Companies
The announcement has drawn attention to several publicly traded companies in the AI sector:
• NVIDIA Corporation (NASDAQ: NVDA): Trading at $108.09, down 0.27% today.
• Microsoft Corporation (NASDAQ: MSFT): Trading at $380.45, up 1.35% today.
• Alphabet Inc. (NASDAQ: GOOGL): Trading at $157.55, up 1.88% today.
• International Business Machines Corp. (NYSE: IBM): Trading at $248.18, down 0.19% today.
• C3.ai Inc. (NYSE: AI): Trading at $21.27, up 1.05% today.
Market Impact
OpenAI’s recent funding and valuation surge highlight the escalating interest and investment in the AI sector. Publicly traded AI companies may experience increased attention from investors seeking exposure to this rapidly evolving industry.
NOTE TO INVESTORS: IBN is a multifaceted financial news, content creation and publishing company utilized by both public and private companies to optimize investor awareness and recognition. For more information, please visit https://www.InvestorBrandNetwork.com
Please see full terms of use and disclaimers on the InvestorBrandNetwork website applicable to all content provided by IBN, wherever published or re-published: http://IBN.fm/Disclaimer
Corporate Communications
IBN
Austin, Texas
www.InvestorBrandNetwork.com
512.354.7000 Office
Editor@InvestorBrandNetwork.com