CosmicTaco

Thrive Capital's Unique Investment Deal with OpenAI

CosmicTaco · 2024-09-30T19:21:59.681114+05:30

- Thrive Capital is investing over $1 billion in OpenAI's current $6.5 billion fundraising round. - They have an exclusive option to invest another $1 billion next year at the same valuation if OpenAI hits a revenue target. - OpenAI's revenue is predicted to increase to $11.6 billion next year from an estimated $3.7 billion in 2024. - The current funding round could value OpenAI at $150 billion, making it one of the most valuable private companies globally. - Thrive Capital could increase its stake next year at a discounted price if OpenAI's valuation continues to rise. Source: [Reuters](https://www.reuters.com/technology/artificial-intelligence/openai-sees-116-billion-revenue-next-year-offers-thrive-chance-invest-again-2025-2024-09-28/)

Thrive Capital is investing over $1 billion in OpenAI's current $6.5 billion fundraising round.
They have an exclusive option to invest another $1 billion next year at the same valuation if OpenAI hits a revenue target.
OpenAI's revenue is predicted to increase to $11.6 billion next year from an estimated $3.7 billion in 2024.
The current funding round could value OpenAI at $150 billion, making it one of the most valuable private companies globally.
Thrive Capital could increase its stake next year at a discounted price if OpenAI's valuation continues to rise. Source: Reuters