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openai is close to completing a new round of financing with a valuation of over $100 billion

2024-08-29

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openai ceo altman

phoenix.com technology news, august 29, beijing time, according to bloomberg, people familiar with the matter said that openai is close to completing a new round of financing, led by thrive capital, with a valuation of more than us$100 billion.

people familiar with the matter said that xingsheng capital will invest about $1 billion in openai in this round of financing. microsoft, a major shareholder of openai, is also expected to participate in the investment. since at least december last year, openai has been in early negotiations for this round of financing, hoping to raise funds at a valuation of $100 billion or more.

openai cfo sarah friar told employees in a memo on wednesday that the company is seeking new financing, but did not disclose details. friar said the round of financing will be used to support the company's computing power needs and other operating expenses. she also told employees that the company plans to offer a tender offer later this year, when employees can sell some of their shares. she added that these discussions are still in the early stages and the details have not yet been determined.

this round of financing will make openai one of the most valuable venture-backed startups in the world, highlighting the growing demand for generative artificial intelligence software. (author/xiao yu)

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