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OpenAI In Talks To Raise $6.5 Billion At Staggering $150 Billion Valuation

Image | NewsBytes
Image | NewsBytes
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OpenAI is reportedly in discussions with investors to raise $6.5 billion in new funding at a pre-money valuation of $150 billion, according to sources cited by Bloomberg. This figure marks a significant jump from the AI company’s last reported valuation of $86 billion earlier this year, positioning OpenAI far ahead of any other AI startup in terms of market value.

Thrive Capital, a key investor in previous OpenAI funding rounds, is expected to lead this new investment. The round could also involve major partners like Microsoft, Apple, and Nvidia, all of whom have strategic ties to OpenAI and a vested interest in its continued success.

Additionally, OpenAI is reportedly seeking to secure $5 billion in debt from various banks, further strengthening its financial position.

This news follows an earlier report from The Wall Street Journal in August, which mentioned Thrive’s involvement in a potential $1 billion investment at an estimated $100 billion valuation. If these latest figures hold true, OpenAI’s valuation would now surpass initial expectations by a considerable margin.

The move underscores the growing importance of AI technologies in the tech industry, as OpenAI continues to lead in the development of advanced AI solutions.