OpenAI Raises $6.6 Billion in Funds at $157 Billion Value
- Microsoft invested a fresh $750 million as part of the deal
- Altman-led startup has undergone big changes in the past year
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OpenAI has completed a deal to raise $6.6 billion in new funding, giving the artificial intelligence company a $157 billion valuation and bolstering its efforts to build the world’s leading generative AI technology.
The funding round was led by Thrive Capital, the venture capital firm headed up by Josh Kushner, which put in $1.3 billion. Microsoft Corp., OpenAI’s largest backer, put in about $750 million, on top of the $13 billion it had already invested in the startup, according to a person familiar with the matter. Other investors included Khosla Ventures, Fidelity Management & Research Co. and Nvidia Corp., the chipmaker whose powerful processors are at the center of the AI boom. Microsoft declined to comment.