OpenAI looking to raise $150 billion

By Reuters

Sep 13, 2024 12:03 am

ARTIFICIAL Intelligence heavyweight OpenAI is in talks to raise funds at a valuation of $150 billion, Bloomberg News reported on Wednesday, a move that would fortify its status as one of the biggest startups in the world.

The maker of viral chatbot ChatGPT is discussing raising $6.5 billion from investors, the report said, citing people familiar with the matter, and another $5 billion in debt from banks in the form of a revolving credit facility.

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