OpenAI Fundraising Set to Vault Startup's Value to $150B
OpenAI is seeking to raise $6.5 billion, aiming for a $150 billion valuation, up from $86 billion, while banks negotiate a $5 billion credit line to enhance its resources.
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OpenAI is reportedly in discussions to raise $6.5 billion in equity financing, which would elevate its valuation to $150 billion. This new valuation marks a significant increase from the $86 billion valuation established during a tender offer earlier this year. The funding round is expected to solidify OpenAI's position as one of the most valuable startups globally. Additionally, banks are negotiating to provide the company with a $5 billion credit line, further enhancing its financial resources. This move comes as OpenAI continues to expand its influence and capabilities in the artificial intelligence sector.
- OpenAI is seeking to raise $6.5 billion, targeting a valuation of $150 billion.
- The new valuation is a substantial increase from the previous $86 billion.
- The funding round aims to strengthen OpenAI's status as a leading startup in the AI industry.
- Banks are also in talks to offer a $5 billion credit line to OpenAI.
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7 commentsAre they preparing for a potential down turn, else at this level they might be setting themselves for a down round. Unless people believe that OpenAI could be the first $1T valuation startup
Unicorns are $1B valuation startups. What’s a good name for a $1T valuation startup? God Statup?
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