OpenAI's $6.5B Funding Round to Close Next Week Despite Executive Departures, Valuation Around $150B

OpenAI's CFO Sarah Friar reassured investors that the company's current funding round, valued at approximately $6.5 billion and a valuation around $150 billion, is on track to close by next week despite recent executive departures. Friar noted that the funding round is 'very oversubscribed' and 'market-defining.' The information was shared during an all-staff meeting and in a letter to investors. Departing CTO Mira Murati and CEO Sam Altman also addressed employees during the meeting.