OpenAI has completed a deal to raise $6.6 billion in new funding, giving the artificial intelligence company a $157 billion valuation and bolstering its efforts to build the world’s leading generative AI technology.

The funding round was led by Thrive Capital, the venture capital firm headed by Josh Kushner, which contributed $1.3 billion. According to a person familiar with the matter, Microsoft, OpenAI’s most prominent backer, contributed about $750 million on top of the $13 billion it had already invested in the startup.

Other investors included Khosla Ventures, Fidelity Management & Research Co. and Nvidia, the chipmaker whose powerful processors are at the centre of the AI boom.

The Tame Apple Press had written off OpenAI, which had provided Jobs’ Mob with its AI technology, which the fruity cargo cult had rebranded as “Apple Intelligence.”
The argument TAP used was that with Apple out of the picture, some leading managers of OpenAI leaving the company, it was doomed. Doomed we tell you. The fact that Apple has not found a replacement for OpenAI in its Apple Intelligence product and is likely to fall even further behind other companies does not appear to have occurred to anyone.