ChatGPT startup OpenAI is in talks for a new round of funding in which it is valued at more than $100 billion, the Wall Street Journal reports, citing sources familiar with the matter. Investors include Thrive Capital and Microsoft.
Venture capital firm Thrive Capital is leading the round and will invest about $1 billion, according to sources. The new funding round would be the largest infusion of outside capital into OpenAI since Microsoft invested about $10 billion in January 2023. Since then, Silicon Valley has been in an arms race to build the most advanced AI systems in an effort to dominate a field that many say will revolutionize the economy.
OpenAI’s latest valuation was $86 billion at the end of last year.
Thrive, a New York-based company founded 15 years ago by Josh Kushner, already has a close relationship with OpenAI and its CEO, Sam Altman. It has invested several hundred million dollars in the startup since last year.