OpenAI Seeks at Least $250 Million from Investors
OpenAI's Mega Funding Round: $150 Billion Valuation, Microsoft, Apple, and Nvidia in Talks
Golden Finance reports that OpenAI is currently in talks for a massive funding round, with its valuation potentially reaching $150 billion. Sources reveal the company is seeking at least $2.5 billion from investors.
In essence, OpenAI is nearing a new funding round of $5-7 billion, led by Thrive Capital with a commitment of $1 billion. Microsoft, Nvidia, and Apple are in discussions to invest. One source indicated these tech companies are expected to contribute between $2-3 billion in this round, although it's unclear if they'll contribute cash, a mix of cash and resources (like computing power), or both. Tiger Global and MGX, an Abu Dhabi-based AI investment firm, are also discussing participating in the round.
Previous reports indicated OpenAI's latest funding round was nearly complete, with potential investors anticipating a decision by Friday on their participation. Sources claim the AI startup's $6.5 billion funding has already been oversubscribed, meaning investors want to contribute more than the company is prepared to accept. One source stated the market's oversubscription reached several billion dollars, and some investors will learn on Friday they were unsuccessful.