Dwelling » AI » OpenAI could possibly reach $150 billion valuation with Apple, Nvidia backing
Sep. 12, 2024
The tech giants are reportedly in discussions to participate in the upcoming funding round.
Key Takeaways
- OpenAI’s valuation could possibly fly to $150 billion with current funding.
- The AI startup is furthermore discussing a $5 billion revolving credit facility with banks.
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OpenAI is searching for to grab $6.5 billion in a current funding round that could possibly boost the firm’s valuation to $150 billion, as reported by Bloomberg on Wednesday, citing sources with records of the wretchedness. The round is mentioned to be led by Thrive Capital, with Microsoft, Apple, and Nvidia presumably participating.
OpenAI is furthermore exploring a $5 billion debt facility, Bloomberg well-known. The present valuation would most modern a boost from its outdated valuation of $86 billion. The investment is predicted to beef up OpenAI’s operations, at the side of computing vitality and other bills.
OpenAI’s valuation would originate it the most treasured venture-backed within most firm in the US after SpaceX, basically based completely totally on Crunchbase, and exceed the preliminary market cap of close to all US venture-backed startups that have long past public, moreover Meta (formerly Facebook).
The unreal intelligence startup, effectively-identified for growing evolved AI gadgets, at the side of the GPT assortment, has raised roughly $13.5 billion across 11 funding rounds.
Microsoft has been the biggest investor in OpenAI to this point, with around $13 billion in investment. Nvidia’s doable involvement would signify a serious collaboration given its role as a number one chip manufacturer valuable for AI construction.
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