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on october 2, local time, the artificial intelligence star company openai officially announced that it had completed a new round of financing of us$6.6 billion, bringing the company’s valuation to us$157 billion.

according to reports, openai’s new round of financing was led by venture capital firm thrive capital, including microsoft, nvidia, softbank group, khosla ventures, altimeter capital, fidelity and mgx, etc., all participated in this round of investment, but apple, which had previously cooperated with openai, the company was not involved. the new funding brings openai’s total funding to $17.9 billion, according to crunchbase.

openai said in an official statement: "this new funding allows us to double down on our leadership in advanced ai research, increase computing power, and continue to build tools that help people solve difficult problems."

according to openai’s financial data previously disclosed by the information, the company spent us$7 billion training models and invested us$1.5 billion in staffing. these expenditures alone far exceeded its revenue figures. the latest other foreign media reports show that openai’s revenue reached us$300 million in august this year, a 170% increase from the beginning of 2023, making the overall annual revenue in 2024 expected to be approximately us$3.7 billion. but after covering costs related to service operations, as well as other expenses such as new employee wages and office rent, the company expects to lose up to $5 billion in 2024. moreover, these figures do not include equity-based compensation paid to employees.