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OpenAI in talks for funding round valuing it above $100 billion

Livemint · 10m

OpenAI is in discussions to raise a significant funding round that would value the company at over $100 billion. Venture-capital firm Thrive Capital is expected to lead the round with a $1 billion investment, and Microsoft is also likely to contribute. This funding comes as competition in the artificial intelligence (AI) industry intensifies, with players like Google and Meta Platforms investing billions of dollars in AI development. OpenAI, known for its ChatGPT product, plans to use the funding to stay at the forefront of AI research and continue enhancing its capabilities.