Open AI is in discussion from the news for raising funds at a valuation of $150 billion. A leak report also revealed that Open AI is planning to raise funds of $6.5 billion from investors and $5 billion in debt from banks in the form of a revolving credit facility.
Meanwhile, in August updates The Wall Street Journal and CNBC reported that Open AI is in talks to raise funding that would value more than $100 billion. At present, Bloomberg reported that Thrive Capital is leading the financial round. Microsoft along with Apple and Nvidia Corp. have been participating and investing in Open AI.
Earlier this year, the capital of Open AI was fetched at the valuation of $86 billion and the new fundraising is 74% higher. However, Open AI is not the first technical startup but the fanatical invention of ChatGPT has made Open AI one of the biggest artificial intelligence industries.
Apart from this, Forge Global Holdings, a marketplace for private securities added Open AI to the list of “Private Magnificent Seven” startups on Wednesday. These startups include Apple, Tesla, Google-parent Alphabet and others.
Bloomberg also added in its latest blog post, “In a memo to employees last month, OpenAI Chief Financial Officer Sarah Friar said the financing will support the need for computing power and other operating expenses. She also said in the memo that the startup is aiming to allow employees to sell some of their shares in a tender offer later this year.”
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