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OpenAI Fundraising Set to Vault Startup’s Value to $150 Billion

  • OpenAI is in talks to raise $6.5 billion at a $150 billion valuation, significantly higher than its previous $86 billion valuation, according to Bloomberg and the Financial Times.
  • Thrive Capital will reportedly lead the funding round, with investors like Microsoft, Apple, and Nvidia involved, as reported by Bloomberg.
  • OpenAI is also negotiating a $5 billion revolving credit line from banks, aiming for long-term private status, according to sources.
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Bloomberg broke the news in United States on Wednesday, September 11, 2024.
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