Business

OpenAI raises $6.6bn in funding, is valued at $157bn

OpenAI has raised $6.6bn (£5bn) in a funding round that values the artificial intelligence business at $157bn, with chipmaker Nvidia and Japanese group SoftBank among its investors. The San Francisco-based startup, responsible for the ChatGPT chatbot, did not give details of a reported restructuring that will transform it into a for-profit business. The funding round…