Open AI Valued at $157 Billion

In the latest funding round for Open AI, the company raised $6.6 billion dollars, increasing its value to $157 billion. 

Open AI is the maker of Chat GPT. 

Announcing the funding, the company released the following statement: 

“We are making progress on our mission to ensure that artificial general intelligence benefits all of humanity. Every week, over 250 million people around the world use ChatGPT to enhance their work, creativity, and learning. Across industries, businesses are improving productivity and operations, and developers are leveraging our platform to create a new generation of applications. And we’re only getting started.

“We’ve raised $6.6B in new funding at a $157B post-money valuation to accelerate progress on our mission. The new funding will allow us to double down on our leadership in frontier AI research, increase compute capacity, and continue building tools that help people solve hard problems.”