OpenAI raises $6.6 billion, boosting valuation to $157 billion

OpenAI has raised $6.6 billion in funding, boosting its valuation to $157 billion. This makes it one of the most valuable start-ups globally, comparable to Goldman Sachs. The funding will support AI research and development. The company is transitioning to a for-profit model, which has attracted investors but caused internal tensions. Critics, including co-founder Elon Musk, argue this shift strays from OpenAI's original mission. Despite having 250 million weekly users and projected revenues of $3.6 billion, OpenAI faces over $5 billion in expected losses. The company has experienced significant executive turnover, including the recent departure of its chief technology officer.