OpenAI Now Valued At $157 Billion After Closing $6.6 Billion Funding Round

OpenAI closed a $6.6 billion funding round that valued the booming artificial intelligence company at $157 billion, nearly double what the company was valued at early this year.

Key Facts About OpenAI Funding

• The $6.6 billion in funding will be allocated toward the company’s AI research, its products and services and its computing capacity, OpenAI said.

• OpenAI received funding from Thrive, SoftBank, Nvidia and its longtime backer Microsoft, which contributed a littles less than $1 billion, according to The Wall Street Journal.

• Ope…