Business& Economy:  OpenAI’s nonprofit board will maintain governance over the company, with the same directors likely serving on both the nonprofit and the PBC boards

OpenAI reverses restructuring plan; nonprofit arm to retain control

OpenAI has concluded a deal to raise $6.6 billion in new funding that will increase the valuation of the artificial intelligence firm to $157 billion, further cementing efforts to build world-beating generative AI, according to a report by Bloomberg.

OpenAI secures $6.6 billion in funding, now valued at $157 Billion

OpenAI is in talks to raise $6.5 billion from investors at a valuation of $150 billion, according to a report by Bloomberg. The new valuation, a figure that excludes the money being raised, is substantially higher than the $86 billion valuation from the company's tender offer earlier this year and cements its place as one of the most valuable startups in the world.

OpenAI's fundraising poised to boost startup's valuation to $150 billion

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openai funding

OpenAI reverses restructuring plan; nonprofit arm to retain control

OpenAI secures $6.6 billion in funding, now valued at $157 Billion

OpenAI's fundraising poised to boost startup's valuation to $150 billion