The funding round for World Labs was led by prominent investors including Andreessen Horowitz, New Enterprise Associates, and Radical Ventures, with additional backing from major tech players like AMD, Intel, and Nvidia
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This would be a dramatic jump from the company’s earlier valuation of USD 86 billion, positioning OpenAI as one of the most highly valued startups in the artificial intelligence space
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The funding was led by General Catalyst, with Dragon Fund and Epiq Capital joining as new investors
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Venture capital firm Thrive Capital is expected to spearhead this significant funding effort
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Imposing limits on the minimum size of IPOs could adversely impact India's economic growth and market regulators should focus on proactive measures rather than reactive responses to failures, say industry leaders
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The sector has raised a total funding of USD 7.3 billion to date and funding saw substantial growth between 2018 and 2022, surging from USD 0.23 billion to USD 2.47 billion
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