OpenAI

OpenAI allegedly seeks new funding round at $100B valuation

OpenAI is seeking a new funding round that would value the AI company above $100 billion, The Wall Street Journal reported on Wednesday.

According to the report, venture capital firm Thrive Capital is expected to lead the investment, contributing around $1 billion. Microsoft, which previously invested $10 billion in the ChatGPT creator, is also likely to participate in what would be considered the biggest capital infusion since Microsoft committed around $10 billion at the beginning of 2023.

This round followed a significant valuation increase from $86 billion late last year when employees sold existing shares. Moreover, at this moment, the company is reportedly working on a new product for advanced reasoning called "Strawberry."