OpenAI completes $6.6 billion fund-raising deal, company valuation peaks to $157 billion

OpenAI said on Wednesday that it had completed a $6.6 billion fund-raising deal that more than doubles the high-profile company’s valuation from just nine months ago.

The new fund-raising round, led by the investment firm Thrive Capital, values OpenAI at $157 billion, according to two people with knowledge of the deal. Microsoft, the chipmaker Nvidia, the tech conglomerate SoftBank, the UAE investment firm MGX and others are also putting money into OpenAI.