As fundraising unfolds, OpenAI’s valuation is expected to reach $150 billion. Several tech giants, including Apple and Nvidia, are reportedly backing the round.
Artificial intelligence startup OpenAI is in advanced talks with investors to secure $6.5 billion in funding, which would raise its valuation to $150 billion.
According to a Sept. 11 Bloomberg report citing sources familiar with the matter, the new valuation does not include the money being raised. The startup is also seeking an additional $5 billion in debt from banks in the form of a revolving credit facility — a flexible line of credit that would allow OpenAI to draw, repay, and redraw funds as needed.
The new figure is well above the $86 billion valuation from the company’s tender offer in February.
