OpenAI may be valued at more than $100B in new funding round – WSJ

OpenAI is in discussions to raise several billion dollars in a new funding round that may value the startup at more than $100 billion.

Venture capital firm Thrive Capital is leading the round and is expected to invest about $1 billion, according to a WSJ report on Wednesday, which cited people familiar with the matter. Microsoft (MSFT) is also expected to be part of founding round.

OpenAI, the startup behind ChatGPT, was valued at $86 billion last year when employees sold shares.

One or more current OpenAI stockholders have been negotiating to sell their shares at a price that would value the company at $103 billion, according to the WSJ report, which cited a document viewed by the publication. Any new investors would likely value OpenAI around that price or higher.

The latest fundraising round would be the biggest since a round in January of 2023 when Microsoft (MSFT) reportedly invested $10 billion in OpenAi.