Microsoft Stock News

OpenAI has finalized a $6.6 billion funding round, doubling its valuation from nine months ago. The latest investment, led by Thrive Capital, values the company at $157 billion.

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

The closing of the funds coincides with the company's ongoing restructuring efforts and executive changes, including the abrupt departure of its longtime Chief Technology Officer last week.

The A.I. start-up's valuation has risen by more than $70 billion in nine months.

OpenAI closed its long-awaited funding round, announcing that it raised $6.6 billion at a $157 billion post-money valuation. Led by Thrive Capital, the round also had participation from Microsoft and Nvidia, CNBC confirmed.

The startup behind ChatGPT raised $6.6 billion from backers including Microsoft, SoftBank and Thrive Capital.

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 benchmark S&P 500 and Nasdaq hovered near two-week lows on Wednesday as investors factored in escalating geopolitical tensions in the Middle East, while a survey eased concerns about a sharp slowdown in the US labor market. The Dow Jones Industrial Average also slipped for the second day running.