OpenAI in Talks to Raise $6.5 Billion in Funding, Valuation Soars to $150 Billion
OpenAI, a leading AI startup, is in discussions with investors to secure a whopping $6.5 billion in new funding, according to a report by Bloomberg. This latest funding round would value the company at an impressive $150 billion, a significant increase from its previous valuation of $86 billion earlier this year. This makes OpenAI the highest valued AI startup in the market today.
Thrive Capital, a key investor in OpenAI's previous rounds, is said to be leading this funding round. Other notable investors reportedly include tech giants like Microsoft, Apple, and Nvidia, all of whom have a vested interest in the success of OpenAI.
In addition to equity funding, OpenAI is also exploring the option of raising $5 billion in debt from various banks, as per Bloomberg's report.
This news comes on the heels of a previous report by the Wall Street Journal, which indicated that Thrive Capital was spearheading a major funding round for OpenAI with a contribution of around $1 billion. However, the Journal had estimated OpenAI's valuation at that time to be around $100 billion.
In conclusion, OpenAI's latest funding efforts and skyrocketing valuation indicate a strong vote of confidence from investors in the potential of AI technology. As an individual investor, it's crucial to keep an eye on developments in the AI sector, as it could present lucrative opportunities for growth and diversification in your investment portfolio.