OpenAI is in talks to raise approximately $6.5 billion at a valuation of around $150 billion.
This represents a substantial increase from its previous valuation:
- The new $150 billion valuation is nearly double OpenAI's $86 billion valuation from earlier in 2024.
- Just last week, OpenAI was reportedly aiming for a $100 billion valuation while seeking to raise $1 billion.
- The funding round is expected to be led by Thrive Capital, an investment firm with a history of backing OpenAI.
- Other potential investors in discussions include Microsoft, Apple, and Nvidia.
- OpenAI is also reportedly seeking a $5 billion revolving credit line from banks.
- The company now employs over 1,700 people and has added more than 1,000 new staff members recently.
- OpenAI is developing increasingly advanced iterations of ChatGPT and related technologies, including image and video generation capabilities.
If successful, this funding round would make OpenAI one of the most valuable private companies in the world, second only to ByteDance (TikTok's parent company).
asp
