Investors Value OpenAI at Over $100B on Secondaries Market

• OpenAI is in talks to raise a new funding round at a valuation exceeding $100 billion, according to The Wall Street Journal.
• Investors have already valued OpenAI at over $100 billion in secondary market deals, with companies like Rainmaker Securities and Caplight tracking these transactions.
• Thrive Capital, led by Josh Kushner, is reportedly leading the primary deal with a $1 billion investment, alongside potential investors Microsoft, Nvidia, and Apple.
• OpenAI's valuation has surged from $86 billion in September to bids valuing it up to $143 billion, driven by its rapid revenue growth, now tracking to hit $2 billion in ARR by year-end.
• The high valuation and investor interest in OpenAI are expected to boost secondary market activity and valuations for other AI companies like Anthropic, Cohere, and Hugging Face.

Source: Techcrunch