OpenAI aims to raise at least $5bn at $150bn valuation

• OpenAI is aiming to raise at least $5bn at a $150bn valuation from investors like Apple, Nvidia, Microsoft, and Thrive Capital.
• The San Francisco-based AI start-up is in talks with investors to fund its ambitious AI model development plans.
• Thrive Capital, led by Josh Kushner, is expected to invest $1bn in this round.
• The total fundraising could exceed $6.5bn, with Microsoft already having committed $13bn to OpenAI.
• Despite rapid growth and $2bn in annual revenue, OpenAI remains lossmaking due to high development costs and increasing competition.

Source: Financial Times