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