ChatGPT creator OpenAI is said to be in talks to raise money Huge slice From cash led by previous backer Thrive Capital, at a valuation of over $100 billion. That’s significantly higher than OpenAI’s previous valuation of $86 billion, the highest ever for any AI startup to date.
Thrive is reportedly offering around $1 billion for its participation. Microsoft is also expected to participate, according to the WSJ, which broke the news. It is unclear whether it will join the round. Khosla Ventures, Infosys, and Y Combinator are among OpenAI’s other current backers.
This funding is expected to be the largest external capital injection for OpenAI since January 2023, when Microsoft invested nearly $10 billion.
OpenAI needs money. The WSJ says its annual revenue topped $3.4 billion earlier this year. The Information says OpenAI is on track to lose nearly $1.5 billion. 5 billion dollars However, by the end of the year, the company had already spent $8.5 billion on training and hiring AI.