Official announcements from OpenAI or major financial news outlets

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

Sep 11, 2024, 07:54 PM

OpenAI is currently in discussions to raise $6.5 billion from investors, potentially bringing the company's valuation to $150 billion. This significant fundraising effort follows a recent valuation of $100 billion just two weeks ago. Additionally, OpenAI is discussing raising $5B in debt from banks. OpenAI's structure as a capped-profit company means that Microsoft does not hold a direct percentage of ownership, despite its investment interest. The new valuation marks a substantial increase and highlights the growing investor confidence in the AI sector.