The post Sam Altman OpenAI Eyes $150B Valuation With Latest Funding appeared on BitcoinEthereumNews.com.

Sam Altman’s OpenAI is in talks to secure a funding round that could push its valuation to $150 billion. Thrive Capital is expected to lead the investment, while companies like Microsoft and Nvidia are in discussions to participate. This potential deal would significantly boost OpenAI’s financial standing, further solidifying its leadership in the artificial intelligence sector. Sam Altman’s OpenAI Eyes $150B Valuation According to a Bloomberg report, OpenAI, led by CEO Sam Altman, is in advanced talks to raise new funds, pushing its valuation to $150 billion. Thrive Capital is expected to lead the round, contributing around $1 billion, while other prominent players like Microsoft and Nvidia are also in discussions. This new funding round would represent a significant leap from OpenAI’s prior $86 billion valuation earlier this year. The fundraising discussions come amid growing interest in artificial intelligence, with OpenAI playing a leading role in shaping the industry. The company’s ChatGPT product has captivated the public and investors, fueling demand for advanced artificial intelligence solutions across various sectors. If successful, this funding round will further cement OpenAI’s dominance in the rapidly evolving artificial intelligence landscape. Thrive Capital Leads the Round Thrive Capital, a prior investor in OpenAI, is expected to play a key role in this funding round by committing around $1 billion. The round, which could raise $6.5 billion, has garnered interest from some of the biggest names in the tech industry. While Thrive Capital leads, Microsoft, OpenAI’s largest backer, is also expected to contribute, continuing its strong financial support since its $10 billion investment in 2023. In addition to Thrive Capital and Microsoft, Nvidia and Apple have been in talks to participate. Nvidia, a major supplier of artificial intelligence chips, could bring further strategic value to OpenAI as it scales its technology. This broad base of investor…

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Filed under: News - @ September 12, 2024 2:29 am