Official press release from OpenAI or major financial news outlets like Bloomberg, Reuters, or CNBC

OpenAI in Talks to Raise $6.5 Billion at $150 Billion Valuation, Bloomberg News Reports

Sep 11, 2024, 08:06 PM

OpenAI is reportedly in discussions to raise $6.5 billion from investors, which would value the company at $150 billion, according to Bloomberg News. Additionally, the AI giant is exploring a $5 billion revolving credit facility from banks. This fundraising effort follows previous reports that OpenAI was seeking a $100 billion valuation with investment interest from major tech companies like Microsoft, Nvidia, and Apple. The new valuation underscores the rapid growth and increasing market value of the AI startup, which operates as a capped-profit company.