Historic funding round values OpenAI at $157 billion

San Francisco (AFP) Oct 2, 2024 - OpenAI, the company behind ChatGPT, secured $6.6 billion in new funding, propelling its valuation to $157 billion and cementing its position as the world leader in artificial intelligence.

The landmark investment, one of Silicon Valley's largest, was announced by OpenAI on Wednesday.

Founded in 2015 and led by Sam Altman, OpenAI plans to use the funds to advance its AI research, increase computing capacity, and develop tools for solving complex problems.