AI powerhouse, OpenAI, is reportedly in discussions to raise new funding, exploring a $6.5 billion equity investment and a $5 billion revolving credit facility from banks, to potentially value the company at $150 billion, according to Bloomberg News.
If successful, this new funding round would significantly boost OpenAI’s valuation, surpassing the $86 billion it achieved earlier this year. The company’s rapid growth, fuelled by the immense popularity of its ChatGPT chatbot, has solidified its position as a leading player in the artificial intelligence (AI) industry.
OpenAI, led by CEO Sam Altman and backed by tech giant Microsoft, has sparked renewed interest in AI technology within Silicon Valley. The company’s recent inclusion in Forge Global Holdings’ “Private Magnificent Seven” startups further highlights its prominence in the industry.
The Magnificent Seven, a group of publicly traded mega-cap stocks, includes Microsoft, Apple, Google-parent Alphabet, Tesla, and other tech giants.
