In the past few years, we have seen many private tech deals as many startups attracted many investors and made deals worth billions. However, no other deal was as big as OpenAI’s $40 billion raise for AI technology. According to different sources from CNBC, PitchBook, and companies' official data, the biggest amount raised was for OpenAI which had the potential to change the AI landscape, and it did so successfully. The second-highest deal since 2018 was Ant Group’s $14 billion raise and we can see the difference in the amounts raised of the top two biggest tech deals.
$30 billion has been raised by OpenAI in funding and it is being led by Japan’s SoftBank and other companies like Microsoft have also made some contributions. This has made OpenAI one of the biggest private companies with a value of $300 billion, along with other companies like ByteDance and SpaceX. SoftBank has a condition as well that it will reduce its investment to $20 billion if OpenAI can't restructure itself into a for-profit company by the end of 2025.
In late 2018, there were headlines about Juul Labs securing a $13 billion investment from Altaria, the company behind Marlboro. The value of the deal was $38 billion which could change the future of smoking but the valuation dropped drastically in late 2022 because Juul had to go through different lawsuits and bans. In 2024, Elon Musk’s xAI raised $6 billion from investors like Andreessen Horowitz, Sequoia Capital, and Fidelity, and combining the investment of $6 billion in early 2024, xAI’s total funding reached $12 billion and now has a valuation of approximately $50 billion.
Read next: The Hidden Health Cost of Convenience: Are Delivery Apps Sabotaging Your BMI?
$30 billion has been raised by OpenAI in funding and it is being led by Japan’s SoftBank and other companies like Microsoft have also made some contributions. This has made OpenAI one of the biggest private companies with a value of $300 billion, along with other companies like ByteDance and SpaceX. SoftBank has a condition as well that it will reduce its investment to $20 billion if OpenAI can't restructure itself into a for-profit company by the end of 2025.
In late 2018, there were headlines about Juul Labs securing a $13 billion investment from Altaria, the company behind Marlboro. The value of the deal was $38 billion which could change the future of smoking but the valuation dropped drastically in late 2022 because Juul had to go through different lawsuits and bans. In 2024, Elon Musk’s xAI raised $6 billion from investors like Andreessen Horowitz, Sequoia Capital, and Fidelity, and combining the investment of $6 billion in early 2024, xAI’s total funding reached $12 billion and now has a valuation of approximately $50 billion.
Read next: The Hidden Health Cost of Convenience: Are Delivery Apps Sabotaging Your BMI?
