OpenAI raises $6.6 billion in funding as it shifts to for-profit model

OpenAI has raised $6.6 billion in venture capital, marking a significant shift from its nonprofit origins. The funding round, led by Thrive Capital and supported by Microsoft, Nvidia, and SoftBank, is one of the largest in U.S. history. This investment boosts OpenAI's market value to $157 billion and aims to enhance its AI research and computing capacity. The company is transitioning towards a for-profit model, moving away from its nonprofit governance structure. The funding will help OpenAI compete with rivals like Elon Musk's xAI, which recently raised $6 billion. OpenAI's partnership with Microsoft continues, while Apple did not participate in this funding round.