Key Takeaways
- OpenAI’s valuation could soar to $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 boost the company’s valuation to $150 billion, as reported by Bloomberg on Wednesday, citing sources with knowledge of the situation. The investment is said to include Thrive Capital, Microsoft, Apple, and Nvidia.OpenAI is also exploring a $5 billion debt facility, Bloomberg noted. The new valuation would present a boost from its previous valuation of $86 billion. The investment is expected to support OpenAI’s operations, including computing power and other expenses.OpenAI’s valuation would make it the most valuable venture-backed private company in the US after SpaceX, according to Crunchbase, and exceed the initial market cap of almost all US venture-backed startups that have gone public, except Meta (formerly Facebook).The artificial intelligence startup, well-known for developing advanced AI models, including the GPT series, has raised approximately $13.5 billion across 11 funding rounds.
Microsoft has been the largest investor in OpenAI to date, with around $13 billion in investment. Nvidia’s potential involvement would signify a major collaboration given its role as a leading chip manufacturer essential for AI development.
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