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Fortune
Fortune
Andrew Nusca

Data Sheet: OpenAI valuation, Google reasoning race, Apple budget phone

OpenAI CEO Sam Altman at an industry event in Sun Valley, Idaho in July 2018. (Photo: Drew Angerer/Getty Images)

Good morning. Everyone in tech is talking about OpenAI’s astonishing $6.6 billion fundraise, which got me wondering: What’s the largest-ever round in tech?

Leave it to the fine folks at PitchBook, who helped us with our inaugural Unicorn List in the go-go days of 2015, to track such things. (Back to 2006, anyway.)

The answer as of last year? Didi Global. The Chinese ride-hailing company raised $5.5 billion in 2017—or $7.1 billion, adjusted for inflation—four years before its IPO.

Things haven’t been so rosy for the company since, but hey, don’t stop believin’, right? —Andrew Nusca

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