OpenAI Financing Amount Could Reach $15 Billion, Valuation Significantly Increased
According to the latest report, leading artificial intelligence company OpenAI is actively preparing for a new round of massive financing, which is expected to push its valuation to an unprecedented height of $150 billion. Reliable sources revealed that OpenAI plans to raise up to $6.5 billion based on this valuation, achieving a qualitative leap from its valuation of $80 billion earlier this year.
At the same time, OpenAI is also exploring a $5 billion revolving credit facility, a financial arrangement similar to that adopted by tech giants like Meta and Uber before their IPOs, demonstrating its strong confidence and careful planning for future development.
Thrive Capital is leading this round of financing and is expected to attract the participation of several tech giants, including Microsoft. There are also rumors that Apple and Nvidia are in deep discussions regarding potential investments, further highlighting OpenAI's attractiveness and influence in the industry.
If successful, this financing round will mark a huge leap in OpenAI's valuation since it reached $29 billion last year. As early as August this year, The Wall Street Journal reported that OpenAI's new financing round was expected to surpass the $100 billion mark, a target that has now been far exceeded.
OpenAI's rapid rise is inseparable from its star product, the AI chatbot ChatGPT. Since its launch in 2022, ChatGPT has not only led a new revolution in the field of artificial intelligence but also greatly enhanced OpenAI's brand awareness and market position. It is reported that the company is planning a series of updates for ChatGPT, with the latest AI model "Strawberry" expected to be released in two weeks, undoubtedly bringing users a more intelligent and convenient interactive experience.
In the face of such rapid development, OpenAI's CFO Sarah Frayer emphasized in an internal memo to employees that the new financing will mainly be used to meet the company's growing computational needs and other operational expenses, ensuring the company's continuous innovation and steady progress. She also revealed the company's plan to launch an employee stock purchase program later this year, aiming to reward and motivate every employee who contributes to the company's development.