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Heard on the Street: OpenAI’s Funding Means More Big Checks for Chips

OpenAI formally announced Wednesday that it has raised $6.6 billion in a funding round that values the company at an eye-popping $157 billion. The company’s data center segment that houses its AI business is projected to generate revenue of nearly $110 billion for the fiscal year ending in January--more than double the $47.5 billion that segment made the previous year and about eight times what AMD’s data center business is projected to hit this year. Read More...

OpenAI formally announced Wednesday that it has raised $6.6 billion in a funding round that values the company at an eye-popping $157 billion. The company’s data center segment that houses its AI business is projected to generate revenue of nearly $110 billion for the fiscal year ending in January–more than double the $47.5 billion that segment made the previous year and about eight times what AMD’s data center business is projected to hit this year.

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