• OpenAI in Talks for $100 Billion Funding Round

  • Nov 3 2024
  • Length: 11 mins
  • Podcast

OpenAI in Talks for $100 Billion Funding Round

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  • Summary

  • OpenAI is in talks to close a new funding round at a $100 billion valuation, which would be one of their biggest infusions of capital. They have already raised $86 billion and allowed employees to sell shares in the company. OpenAI is on track to lose about $5 billion by the end of the year, despite generating $3.4 billion in annualized revenue. They have burned $8.5 billion in AI training and staffing. Thrive Capital and Microsoft are expected to participate in the funding round, and there are rumors that Nvidia and Apple may also contribute.



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