Key takeaways
- OpenAI’s valuation could reach $150 billion with new funding.
- The AI startup is also discussing a $5 billion revolving credit facility with banks.
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OpenAI is seeking to raise $6.5 billion in a new funding round that could bring the company’s valuation to $150 billion, Bloomberg reported Wednesday, citing people familiar with the matter. The investment is said to include Thrive Capital, Microsoft, Apple and Nvidia.
OpenAI is also exploring a $5 billion credit facility, Bloomberg noted. The new valuation would represent an improvement over its previous valuation of $86 billion. The investment is expected to support OpenAI’s operations, including computing power and other expenses.
According to Crunchbase, OpenAI’s valuation would make it the most valuable private venture-backed company in the United States after SpaceX, and would surpass the initial market capitalization of nearly every U.S. venture-backed startup that went public, with the exception of Meta (formerly Facebook).
The artificial intelligence startup, known for developing advanced AI models including the GPT series, has raised approximately $13.5 billion across 11 funding rounds.
Microsoft is OpenAI’s largest investor to date, with an investment of around $13 billion. Nvidia’s potential involvement would mean a major collaboration given its role as a leading chipmaker critical to the development of AI.
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