Report: OpenAI Seeks to Raise ‘Several Billion Dollars'
MSFTMicrosoft(MSFT) PYMNTS.com·2024-08-29 07:24

OpenAI reportedly aims to raise “several billion dollars” in a funding round that would value at above 100billion.TheroundisbeingledbyThriveCapitalandwillincludeparticipationbyMicrosoft,TheWallStreetJournalreportedWednesday(Aug.28),citingunnamedsources.OpenAIdidnotimmediatelyreplytoPYMNTS’requestforcomment.Whenemployeessoldsharesinlate2023,OpenAIwasvaluedat100 billion.The round is being led by Thrive Capital and will include participation by Microsoft, The Wall Street Journal reported Wednesday (Aug. 28), citing unnamed sources.OpenAI did not immediately reply to PYMNTS’ request for comment.When employees sold shares in late 2023, OpenAI was valued at 86 billion, according to the report.The latest funding round comes at a time when there is fierce competit ...