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OpenAI just closed a $6.6 billion funding round, giving the AI company a massive $157 billion valuation. Thrive Capital led the raise with a $1.3 billion investment, and Microsoft chipped in $750 million, boosting its total stake in OpenAI after already investing $13 billion. Other big names like Khosla Ventures, Fidelity, and Nvidia participated, making this one of the largest-ever private capital injections.
The funds will help OpenAI push AI research and expand its computing power. OpenAI is now the second most valuable private company, ahead of SpaceX and behind ByteDance. The company is expected to generate over $10 billion in revenue next year.
Despite competition from firms like Anthropic and Google, OpenAI continues to lead, with 250 million weekly active users on ChatGPT and over a million business users.
Cofounder Sam Altman will receive a 7% stake now that they're converting into a for-profit company. His share will be worth around $11 billion, making him one of the richest people on the planet.
