OpenAI in Talks to Raise $6.5 Billion and $5 Billion Debt at $150 Billion Valuation

Sep 11, 2024, 09:02 PM

OpenAI is in discussions to raise $6.5 billion from investors at a valuation of $150 billion, according to Bloomberg News. The company is also exploring raising an additional $5 billion in debt from banks in the form of a revolving credit facility. This fundraising effort, if successful, would significantly increase OpenAI's valuation from its previous $86 billion valuation earlier this year. Notable potential investors in this round include Microsoft, Apple, Nvidia, and Thrive Capital. The ChatGPT maker's rapid valuation increase underscores its significant market impact.