Factbox-AI startups ride on investor frenzy to raise billions in 2024

FILE PHOTO: OpenAI logo is seen in this illustration taken May 20, 2024. REUTERS/Dado Ruvic/Illustration/File Photo

(Reuters) - OpenAI recently closed a $6.6 billion funding round at a $157 billion valuation that highlighted the enthusiasm around generative artificial-intelligence technology since the startup burst onto the scene with the launch of ChatGPT in late 2022.

Since then a number of AI startups have managed to attract funding from well-known venture-capital funds and angel investors.

($1 = 0.9067 euros)

(Reporting by Priyanka.G, Rishi Kant and Deborah Sophia in Bengaluru)