OpenAI Raises $6.6B in New Funding; Raises Valuation to $157B

ChatGPT maker OpenAI announced Tuesday it raised $6.6 billion in new funding, bringing the company’s valuation to $157 billion.

The company said it would use the new funding to accelerate progress on its mission to “ensure that artificial general intelligence benefits all of humanity.”

“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,” the company said. 

OpenAI said more than 250 million people worldwide use ChatGPT to improve their productivity, creativity and learning.

“Across industries, businesses are improving productivity and operations, and developers are leveraging our platform to create a new generation of applications,” OpenAI said. “And we’re only getting started.

“We aim to make advanced intelligence a widely accessible resource. We’re grateful to our investors for their trust in us, and we look forward to working with our partners, developers and the broader community to shape an AI-powered ecosystem and future that benefits everyone. By collaborating with key partners, including the U.S. and allied governments, we can unlock this technology's full potential.”