OpenAI secures $6.6 billion in funding to advance AI model development

OpenAI has raised $6.6 billion in a funding round led by Thrive Capital, valuing the company at $157 billion. This investment will help cover the costs of developing advanced AI models. Thrive Capital committed $1 billion and has a special option to invest another $1 billion next year if OpenAI meets revenue targets. The funding is linked to a potential restructuring of OpenAI into a for-profit entity. OpenAI has also requested investors not to support competing startups like Anthropic and xAI. The latest funding round values OpenAI at about 40 times its revenue, reflecting significant interest in AI technology.