OpenAI closes the biggest VC round of all time

Welcome back to Review Week. This week, we dive into OpenAI’s $6.6 billion fundraising round, the fifth Cybertruck anniversary in less than a year, and a neat project that’s Shazam-ing songs on the streets of San Francisco. Let’s get into it.

OpenAI closed the largest VC round of all time this week. The startup announced that it has raised $6.6 billion in a funding round that values ​​OpenAI at $157 billion. Led by previous investor Thrive Capital, the new funding brings OpenAI’s net worth to $17.9 billion, according to Crunchbase. As part of the round, OpenAI also received a major credit line.

ElevenLabs is coming with existing and new investors about the new round, which could value the company as much as $3 billion, TechCrunch has learned. This 2-year-old company specializes in developing AI tools to generate artificial voices for audiobook narration and real-time video dubbing in other languages.

Elon Musk’s IX is now less expensive more than a quarter of its $44 billion purchase price, according to a new estimate from investor Fidelity. The asset manager’s Blue Chip Growth Fund now makes its total holdings in X around $4.19 million, which means it currently capitalizes on X by about $9.4 billion in total.

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News

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Sounds of San Francisco: A solar-powered box with an Android phone running Shazam 24/7 was installed on a San Francisco street pole to identify bops in the wild. Songs are uploaded to the website so you can hear the sounds of the city wherever you are. Read more

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