OpenAI raises $6.6 billion with investment from Microsoft and Nvidia

The funding has attracted venture capital investors such as Thrive Capital and Khosla Ventures, as well as OpenAI’s largest corporate backer, Microsoft, and new participation from Nvidia.

The closing of the financing coincides with the company’s ongoing restructuring efforts and executive changes, including the abrupt departure of its former chief technology officer, Mira Murati, last week.

Altimeter Capital, Fidelity, Soft Bank and Abu Dhabi state-backed investment firm MGX also participated in the round.

Thrive Capital, which committed about $1.2 billion from a combination of its own fund and a special purpose vehicle for smaller investors, also negotiated the option to invest another $1 billion next year at the same valuation if the company of artificial intelligence reaches a revenue target, the sources added.

Apple, which was in talks to invest in OpenAI, did not end up joining the financing, said the sources, who requested anonymity.