OpenAI secures record-breaking $6.6 billion in funding, now valued at $157 billion

OpenAI raises $6.6B, now valued at $157B; led by Thrive, backed by Microsoft.

: OpenAI secured $6.6 billion in funding, raising its valuation to $157 billion. Thrive Capital led the round with $1.3 billion, while Microsoft added $750 million. The funding aims to enhance AI research and computing capacity.

OpenAI has successfully raised $6.6 billion in new funding, soaring its valuation to $157 billion, thus becoming one of the largest among venture-backed startups. Thrive Capital led the funding round with a $1.3 billion investment, supported by significant contributions from Microsoft and a slew of other notable investors.

The capital raised is set to boost OpenAI's AI research capabilities and expand its computing resources, with reports suggesting revenue projections of over $10 billion by next year. The massive funding further solidifies OpenAI's position amidst mounting competition in the rapidly advancing AI sector, including former employees venturing into their own startups.

In light of its significant growth, OpenAI is contemplating a structural shift from a nonprofit to a for-profit model, potentially granting equity stakes to CEO Sam Altman. This decision comes amid leadership changes and company restructuring, as OpenAI navigates the evolving AI landscape and emerging rivals.

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