OpenAI’s record-breaking funding – but with strings attached

OpenAI made the news when it raised $6.6 billion at a $157 billion valuation, becoming the largest investment round in Silicon Valley history. However, the company has urged its investors not to back competitors such as Anthropic and Elon Musk’s xAI—an unusual request in the world of venture capital, where spread betting is common. Critics, including Gary Marcus, have described this approach as “running scared.”