OpenAI Eyes $100 Billion Valuation in New Funding Round Led by Thrive Capital
The fresh capital comes at a crucial time for the company, which is experiencing rapid growth alongside escalating costs.
OpenAI, known for developing the highly acclaimed ChatGPT, is said to be in advanced negotiations to secure a new funding round, potentially valuing the company at over $100 billion. This represents a substantial leap from its previous valuation of $86 billion, making OpenAI the most highly valued AI startup globally.
The funding round is expected to be led by Thrive Capital, a previous backer of OpenAI, which is said to be contributing $1 billion. Microsoft, another key OpenAI investor, is also expected to participate, according to reports from The Wall Street Journal. Other existing backers, including Khosla Ventures, Infosys, and Y Combinator, may also join the round, though details on their involvement remain unclear.
This fundraising effort marks OpenAI’s largest external capital injection since January 2023, when Microsoft made a huge investment of nearly $10 billion. The fresh capital comes at a crucial time for the company, which is experiencing rapid growth alongside escalating costs.
OpenAI's progress in AI technology keeps attracting investors looking to invest in the future of artificial intelligence. The latest funding round sets the stage for an even more significant influence on AI development.
