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openai is trying to raise another $6.5 billion, bringing its valuation to $150 billion

2024-09-12

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a few weeks ago, the wall street journal reported that microsoft would invest more money in its artificial intelligence partner openai. today, bloomberg reported through unnamed sources that openai is currently seeking $6.5 billion from investors, which, if successful, would value the company at a staggering $150 billion.

the new valuation does not include the money openai is currently trying to raise, according to the report. thrive capital will lead the new round of financing, and microsoft will also follow up with an undisclosed amount of money. the report also repeated other unconfirmed reports that apple and nvidia may also get a share of openai's equity feast.

the bloomberg report also said openai is in discussions to raise $5 billion in debt from banks so it can establish a revolving credit facility, though neither figure has been confirmed by openai and today’s report says the exact amount could change.

openai’s chatgpt remains one of the biggest forces in generative ai technology. in late august, the company revealed that its generative ai chatbots have reached 200 million weekly users, up from 100 million a year ago.

following the launch of its latest ai model, chatgpt-4o, in may this year, there are unconfirmed reports that openai may launch its next model in the near future. according to the information, the new ai model, internally codenamed "strawberry," may be launched later this month. the report also claims that the new model will provide better responses for solving mathematical equations, as well as better coding solutions and creating new marketing strategies. it may also only offer a paid model, rather than being free like previous versions of chatgpt.