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OpenAI Nearly Doubles Valuation to $157 Billion in Funding Round

  • OpenAI has raised $6.6 billion in new funding, achieving a valuation of $157 billion, nearly double its previous valuation of $80 billion earlier this year.
  • The funding round was led by Thrive Capital, with participation from Microsoft, Nvidia, SoftBank, and others, according to a knowledgeable source.
  • OpenAI expects a net loss of $5 billion on $3.7 billion in revenue for 2024 while targeting $11.6 billion in revenue next year.
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