OpenAI raises $6.6 billion from Microsoft and NVIDIA, pushing its market cap to $157 billion — with "the world's dominant AI company worth trillions of dollars" and $11.6 billion in sales vision on the horizon

Sam Altman.

What you need to know

• OpenAI recently closed its round of funding having raised $6.6 billion from investors, including Microsoft and NVIDIA, pushing its market valuation to $157 billion.
• The ChatGPT maker burns through money fast on training its AI models and is expected to make $5 billion in losses within the next few months.
• The AI firm projects to make $11.6 billion in sales next year, a significant feat from its current $3.7 billion in revenue which could indicate subscription price revisions for its next-gen AI models.