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Kevin Warsh becomes the leading candidate for the next Fed Chair
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OpenAI raised $8.3 billion at a valuation of $300 billion
OpenAI has successfully raised 8.3 billion USD at a valuation of 300 billion USD, nearing its goal of raising 40 billion USD by the end of the year. The funding round was led by Dragoneer Investment Group, contributing 2.8 billion USD. Other major investors include Blackstone, Sequoia, Fidelity, Andreessen Horowitz, Tiger Global…
OpenAI is on a strong growth trajectory, with current annual revenue reaching 13 billion USD and potentially exceeding 20 billion USD by the end of the year. However, the company anticipates that it will not achieve positive cash flow until 2029. ChatGPT currently holds over 70% of the market share for large language models since the beginning of 2024.
Meanwhile, the AI sector in cryptocurrency is also booming. Projects like Nous Research and Poseidon have raised tens of millions USD, contributing to total AI investment in crypto surpassing 10 billion USD in Q2 2025 — the highest level since early 2022.