CosmicTaco
CosmicTaco

OpenAI in Talks for Massive Funding Round at $100 Billion Valuation

  • OpenAI reportedly discussing new funding round led by Thrive Capital
  • Potential valuation exceeds $100 billion, up from previous $86 billion
  • Thrive Capital expected to contribute $1 billion, Microsoft likely to participate
  • OpenAI's annualized revenue surpassed $3.4 billion early this year
  • Company projected to lose nearly $5 billion by year-end, having spent $8.5 billion on AI development

Source: Techcrunch

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