OpenAI Seeks $100B+ Valuation in New Funding Round Led by Thrive Capital and Microsoft

Aug 28, 2024, 08:53 PM

OpenAI is reportedly in discussions to raise several billion dollars in a new funding round that could value the company at over $100 billion, with some reports suggesting a valuation as high as $103 billion, according to the Wall Street Journal. This funding round is expected to be led by Thrive Capital, which plans to invest $1 billion. Microsoft is also anticipated to participate in the investment. OpenAI, known for its development of ChatGPT, was valued at $86 billion last year. The potential new valuation underscores the growing interest and investment in artificial intelligence technologies.