Overview

• Microsoft, a long-time investor, may also participate in the new funding round.
• OpenAI's annual revenue has surpassed $3.4 billion but is projected to lose $5 billion this year.
• The funding round is led by Thrive Capital, with a $1 billion investment.
• OpenAI relies on Nvidia GPUs and has integrated ChatGPT into Apple's iOS.
• Regulatory scrutiny is expected as Big Tech firms consolidate their positions in the AI sector.