OpenAI is reportedly in talks to raise a massive tranche of cash led by previous backer Thrive Capital, aiming for a valuation over $100 billion.
The financing is poised to serve as OpenAI's biggest outside infusion of capital since January 2023, amidst reports of significant operational losses.
Despite generating annualized revenues exceeding $3.4 billion, OpenAI is expected to lose nearly $5 billion by year-end due to hefty expenditures on AI training.
With existing backers like Microsoft, Khosla Ventures, and Y Combinator, OpenAI's valuation marks a notable milestone, being the highest for any AI startup.
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