ChatGPT developer OpenAI is reportedly in talks to massive tranche of money, led by previous backer Thrive Capital, at a valuation of greater than $100 billion. That's significantly higher than OpenAI's previous valuation of $86 billion and by far the very best valuation of any AI startup to this point.
For its part, Thrive will reportedly contribute around $1 billion. Microsoft can be expected to participate, in accordance with WSJ, which covered the report. It is unclear who will take part in the round. OpenAI's other existing backers include Khosla Ventures, Infosys and Y Combinator.
The funding is predicted to be OpenAI's largest external capital injection since January 2023, when Microsoft invested nearly $10 billion.
OpenAI needs the cash. According to WSJ, annual revenues were over $3.4 billion at first of the yr. According to information, OpenAI is on target to almost 5 billion US dollars by the top of the yr, and that $8.5 billion has already been spent on AI training and personnel.
