CosmicTaco

OpenAI in Talks for Massive Funding Round at $100 Billion Valuation

CosmicTaco · 2024-08-29T10:43:42.687891+05:30

- OpenAI reportedly discussing new funding round led by Thrive Capital - Potential valuation exceeds $100 billion, up from previous $86 billion - Thrive Capital expected to contribute $1 billion, Microsoft likely to participate - OpenAI's annualized revenue surpassed $3.4 billion early this year - Company projected to lose nearly $5 billion by year-end, having spent $8.5 billion on AI development Source: [Techcrunch](https://techcrunch.com/2024/08/28/openai-reportedly-in-talks-to-close-new-funding-round-at-100b-valuation/)

OpenAI reportedly discussing new funding round led by Thrive Capital
Potential valuation exceeds $100 billion, up from previous $86 billion
Thrive Capital expected to contribute $1 billion, Microsoft likely to participate
OpenAI's annualized revenue surpassed $3.4 billion early this year
Company projected to lose nearly $5 billion by year-end, having spent $8.5 billion on AI development

Source: Techcrunch