Deals
OpenAI Fundraising Set to Vault Startup’s Valuation to $150 Billion
- Company discussing raising $6.5 billion in equity financing
- Banks in talks to provide startup with $5 billion credit line
Sam Altman
Photographer: SeongJoon Cho/BloombergThis article is for subscribers only.
OpenAI is in talks to raise $6.5 billion from investors at a valuation of $150 billion, according to people familiar with the situation.
The new valuation, a figure that doesn’t include the money being raised, is significantly higher than the $86 billion valuation from the company’s tender offer earlier this year, and cements its place as one of the most valuable startups in the world.