OpenAI, the company behind ChatGPT, has raised $6.6 billion in funding, positioning it for a potential valuation of $157 billion. The funding round saw participation from key investors such as Thrive Capital, Khosla Ventures, Microsoft, and Nvidia. This round also coincides with ongoing restructuring efforts at OpenAI, including executive changes like the recent departure of CTO Mira Murati. Despite these shifts, investor enthusiasm remains high, especially with the company's projected revenue growth and ambitious plans for artificial intelligence. Altimeter Capital, SoftBank, and Abu Dhabi's MGX were also among the notable participants in this round.

OpenAI's latest funding round provides liquidity opportunities for its employees, with a potential tender offer for share buybacks. Thrive Capital, a key player in the funding, has negotiated an additional $1 billion investment option for next year if the company hits its revenue targets. Notably, Apple, which was in talks to invest, decided not to participate. OpenAI is expected to generate $3.6 billion in revenue this year, despite mounting losses of over $5 billion, and is aiming for a major revenue boost to $11.6 billion in 2024. As the company pushes for profitability, it's also actively pursuing artificial general intelligence (AGI), aiming to develop systems that surpass human intelligence.