
What you need to know
- OpenAI received $6.6 billion in investment recently, including backing by Microsoft and NVIDIA.
- The AI company asked investors to not fund competing tech giants, including Anthropic, xAI, Safe Superintelligence (SSI), Perplexity, and Glean.
- Despite reportedly losing billions of dollars this year, OpenAI's most recent valuation sits at $157 billion.
- Much of OpenAI's value is the result of projected future earnings and the company's early dominance in the AI space.