Bloomberg: OpenAI's Latest Funding Round Nears Completion, Final Investor List to be Determined Friday
According to Bloomberg, citing sources, OpenAI's latest funding round is nearing completion, with the final list of investors set to be finalized this Friday.
Sources indicate that OpenAI's $6.5 billion funding round has been oversubscribed by billions of dollars, meaning some potential investors will be excluded. Several strategic investors, including OpenAI's largest investor Microsoft, as well as new investors Nvidia and Apple, are expected to participate. The deal would value OpenAI at $150 billion.
Sources also reveal that OpenAI's existing investor, Sequoia Capital, will not participate in this round. Sequoia Capital recently invested in OpenAI competitor Safe Superintelligence Inc., founded by OpenAI co-founder Ilya Sutskever, who left OpenAI earlier this year. Additionally, existing investor Thrive Capital will lead the round and contribute $1.25 billion.