According to the Wall Street JournalOpenAI is currently negotiating a new round of funding worth over $100 billion. Investors on the secondary market are already paying prices for the company’s shares that indicate this high valuation.
Here’s what we know
Josh Kushner’s Thrive Capital is expected to invest $1 billion in the company, a significant step forward for OpenAI.
Additionally, new investors could include Microsoft, Nvidia, and Apple. OpenAI’s current valuation ranges from $111 billion to $143 billion, depending on sources.
Glen Anderson of Rainmaker Securities highlighted the strong demand for the company’s shares despite valuation challenges.
OpenAI, which went from zero revenue to billions in just a few years, expects to reach $2 billion in ARR by the end of the year.
Source: Il Wall Street Journal