OPENAI NEARLY DOUBLES VALUATION TO $157 BILLION IN FUNDING ROUND

Summary from the TLDR newsletter

OpenAI has raised $6.6 billion in new funding, with investors valuing the startup at $157 billion. Investors in the round include Thrive Capital, Microsoft, SoftBank, and Nvidia. The startup was last valued at $86 billion early this year. Investors have the right to withdraw their money if OpenAI fails to convert to a for-profit company within two years.