The investors behind OpenAI’s historic $6.6 billion funding round

• OpenAI’s $6.6 billion funding raise attracted some big names across the industry.
• The investors had to fork over huge sums and reportedly avoid future investments in OpenAI’s rivals.
• OpenAI is now valued at $157 billion factoring in the latest funding, making it one of the world’s most valuable startups.

Sam Altman has taken his share of on his VC firm website that AI would reduce costs and take over most of the work humans do — and do it better, for the most part. He also predicted there would be one billion robots in the next 25 years.

Khosla previously invested in OpenAI.

MGX

MGX, an investment firm backed by the United Arab Emirates, participated in OpenAI’s latest round, Reuters reported. The firm did not immediately respond to a request for comment outside business hours.

The firm was set up earlier this year to invest in artificial intelligence and semiconductors, Bloomberg reported in March. At the time, MGX was reportedly aiming to have $100 billion under management in the coming years.