OpenAI in Talks to Raise at a $150 Billion Valuation

• OpenAI is in talks to raise $6.5 billion from investors at a valuation of $150 billion
• The new valuation is significantly higher than the $86 billion valuation from the company’s tender offer earlier this year
• Banks are also in talks to issue OpenAI $5 billion in debt

OpenAI is in talks to raise $6.5 billion from investors at a valuation of $150 billion, according to people familiar with the situation

Massive Fundraising Round

The new valuation, a figure that doesn’t include the money being raised, is significantly higher than the $86 billion valuation from the company’s tender offer earlier this year and cements its place as one of the most valuable startups in the world.

OpenAI is set to raise $6.5 billion in equity financing. Banks are also in talks to issue the startup $5 billion in debt.

Skyrocketing Valuation

The new valuation of $150 billion for OpenAI is a huge increase compared to its previous valuation of $86 billion just earlier this year. This massive fundraising round solidifies OpenAI as one of the most valuable private startups globally.

Conclusion

OpenAI’s latest fundraising efforts highlight the meteoric rise of AI startups and the massive amounts of capital pouring into the space. As one of the leaders in AI research and development, OpenAI is poised to continue growing rapidly. However, the long-term impacts of such well-funded AI research remain to be seen.