OpenAI is in talks to raise about $6.5 billion as part of a deal that would value the company in the range of $150 billion, a nearly $70 billion increase from its valuation nine months ago, according to five people with knowledge of the conversations.
The deal would make the company more valuable that any other private company with the exception of ByteDance, the maker the video-sharing app TikTok.
As recently as last week, OpenAI was looking to raise about $1 billion at a $100 billion valuation.
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{Categories} _Category: Takes{/Categories}
{URL}https://www.nytimes.com/2024/09/11/technology/openai-fund-raising-valuation.html{/URL}
{Author}Cade Metz, Mike Isaac, Tripp Mickle and Michael J. de la Merced{/Author}
{Image}https://static01.nyt.com/images/2024/09/11/multimedia/11openai-investment-ctmq/11openai-investment-ctmq-videoSixteenByNine3000.jpg{/Image}
{Keywords}Venture Capital,Artificial Intelligence,Computers and the Internet,OpenAI Labs,Thrive Capital,Beijing Bytedance Technology Co Ltd,Altman, Samuel H{/Keywords}
{Source}POV{/Source}
{Thumb}{/Thumb}