OpenAI may be valued at more than $100B in new funding round – WSJ
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OpenAI is in discussions to raise several billion dollars in a new funding round that may value the startup at more than $100 billion.
Venture capital firm Thrive Capital is leading the round and is expected to invest about $1 billion, according to a WSJ report on Wednesday, which cited people familiar with the matter. Microsoft (MSFT) is also expected to be part of the funding round.
OpenAI, the startup behind ChatGPT, was valued at $86 billion last year when employees sold shares.
One or more current OpenAI stockholders have been negotiating to sell their shares at a price that would value the company at $103 billion, according to the WSJ report, which cited a document viewed by the publication. Any new investors would likely value OpenAI around that price or higher.
The latest fundraising round would be the biggest since a round in January of 2023 when Microsoft (MSFT) reportedly invested $10 billion in OpenAI.