OpenAI in talks to secure new funding at $100B+ valuation

SUMMARY

OpenAI is reportedly in negotiations to secure a multi-billion dollar investment, which could push its valuation above $100 billion. Thrive Capital is expected to lead the funding round with a commitment of around $1 billion, according to the Wall Street Journal. Microsoft, a current investor in OpenAI, is also likely to contribute, underscoring its continued support and partnership in advancing AI technologies. The significant increase in OpenAI’s valuation is largely driven by the success of ChatGPT, a chatbot that mimics human interaction. This potential funding round reflects growing financial interest in AI technology and highlights Thrive Capital's confidence in OpenAI's growth potential. While specific details remain undisclosed, the move demonstrates the increasing investment in AI startups and the recognition of ChatGPT’s impact and the broader possibilities for AI applications.