OpenAI raises $6.6 bln funding from Microsoft, Nvidia, and others

OpenAI has secured $6.6 billion in new funding, potentially valuing the company at $157 billion. Major investors include Microsoft, Nvidia, and Thrive Capital. The funding comes as convertible notes, contingent on a possible restructuring to a for-profit model. Despite internal changes and significant losses, investor confidence remains high. CEO Sam Altman projects revenue of $11.6 billion next year.READ FULL