OpenAI reportedly in talks to close a new funding round at $100B+ valuation

OpenAI, the creator of ChatGPT, is reportedly in talks to raise a large amount of funding led by previous backer Thrive Capital, at a valuation of over $100 billion. This is a significant increase from OpenAI's previous valuation of $86 billion, making it the highest valuation of any AI startup to date. Thrive is expected to contribute around $1 billion, with Microsoft also expected to participate. The funding is set to be OpenAI's largest external capital infusion since Microsoft's nearly $10 billion investment in January 2023.

In other tech news, Apple has released new developer betas for iOS 18.1, iPadOS 18.1, and macOS 15.1 Sequoia, introducing new Apple Intelligence features. New Enterprise Associates (NEA) has raised over $468 million for its Secondary Opportunity Fund. Bolt, a one-click checkout tech company, is awaiting shareholder approval for a funding round that would see founder Ryan Breslow return as CEO. Reddit's mobile and web applications experienced an outage, with over 150,000 users reporting issues.

Key takeaways

OpenAI is reportedly in talks to raise a massive tranche of cash led by previous backer Thrive Capital, at a valuation of more than $100 billion, which is the highest valuation of any AI startup to date.
Microsoft is also expected to participate in the funding round, which is set to be OpenAI’s biggest outside infusion of capital since January 2023.
OpenAI is on track to lose nearly $5 billion by year end, having already burned through $8.5 billion on AI training and staffing.
Other tech news include Apple's new developer betas for iOS 18.1, iPadOS 18.1, and macOS 15.1 Sequoia, and Reddit's mobile and web applications experiencing an outage.

OpenAI reportedly in talks to close a new funding round at $100B+ valuation | TechCrunch

Key takeaways

Discussion (0)