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OpenAI Fundraising Set To Vault Startup's Valuation To $150 Billion
OpenAI is in talks to raise $6.5 billion from investors at a valuation of $150 billion, Bloomberg reported Wednesday, citing people familiar with the situation. From the report: The new valuation, a figure that doesn't include the money being raised, is significantly higher than the $86 billion valu...
At the same time, OpenAI is also in talks to raise $5 billion in debt from banks in the form of a revolving credit facility, said one of the people, all of whom asked not to be identified discussing private information. The funding round is slated to be led by Thrive Capital, Bloomberg previously reported. Microsoft, the company's largest investor, is also set to participate, and Apple and Nvidia, have been in talks about investing.
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