OpenAI has completed its financing round, raising over 6,6 billion US dollars.

This puts the company at 157 billion US dollars, which is equivalent to the market capitalization of companies such as Uber $UBER (-0.14%) and AT&T $T (-0.14%).

OpenAI is calling on investors to support rival start-ups such as Elon Musk's xAI not to support rival start-ups like Elon Musk's xAI - Financial Times