OpenAI raises $6.6 billion at $157 billion valuation with support from Microsoft and Nvidia

OpenAI has completed a funding round, raising $6.6 billion at a valuation of $157 billion. This round included investments from Microsoft, Nvidia, and Thrive Capital, among others. Previously, OpenAI was valued at $80 billion earlier this year. The company reported a significant revenue increase, generating $300 million last month, up 1,700% from last year. However, OpenAI expects to incur a loss of about $5 billion this year due to high costs associated with purchasing Nvidia's GPUs. OpenAI is also facing leadership changes, with several key executives departing recently. CEO Sam Altman stated that these changes are not linked to potential restructuring plans for the company.