OpenAI reportedly in talks to close a new funding round at $100B+ valuation

OpenAI reportedly in talks to close a new funding round at $100B+ valuation | TechCrunch

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OpenAI reportedly in talks to close a new funding round at $100B+ valuation | TechCrunch

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In Brief

Posted:

2:24 PM PDT · August 28, 2024


**Image Credits:**Chris Ratcliffe/Bloomberg / Getty Images

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* [Kyle Wiggers](https://techcrunch.com/author/kyle-wiggers/)

OpenAI reportedly in talks to close a new funding round at $100B+ valuation
===========================================================================

[ChatGPT](https://techcrunch.com/2024/08/21/chatgpt-everything-to-know-about-the-ai-chatbot/) creator OpenAI is reportedly in talks to raise a [massive tranche](https://www.wsj.com/tech/ai/openai-in-talks-for-funding-round-valuing-it-above-100-billion-4f0550c5) of cash led by previous backer Thrive Capital, at a valuation of more than $100 billion. That’s substantially higher than OpenAI’s previous $86 billion valuation, and by far the highest valuation of any AI startup to date.

Thrive will reportedly throw in around $1 billion for its part. Microsoft is also expected to participate, according to the WSJ, which has the story. It’s unclear would join the round. Khosla Ventures, Infosys and Y Combinator are among OpenAI’s other existing backers.

The financing is poised to serve as OpenAI’s biggest outside infusion of capital since January 2023, when Microsoft invested [nearly $10 billion](https://techcrunch.com/2023/01/23/microsoft-invests-billions-more-dollars-in-openai-extends-partnership/).

OpenAI needs the money. The WSJ says its annualized revenue eclipsed $3.4 billion early this year. The Information says OpenAI is on track to lose nearly [$5 billion](https://www.theinformation.com/articles/why-openai-could-lose-5-billion-this-year) by year end, however, and that it has already burned through $8.5 billion on AI training and staffing.

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