OpenAI closes $6.6 billion funding haul at valuation of $157 billion with investment from Microsoft and Nvidia

By Krystal Hu

(Reuters) – OpenAI has raised $6.6 billion from investors at a post-money valuation of $157 billion, cementing the ChatGPT maker’s status as one of the most valuable private companies in the world,sources familiar with the matter said on Wednesday. The funding has attracted returning venture capital investors including Thrive Capital and Khosla Ventures, as well as OpenAI’s biggest corporate backer Microsoft (NASDAQ:MSFT), and new participation from Nvidia (NASDAQ:NVDA).