News > OpenAI in talks to raise funds at $150 bln valuation: Report
OpenAI in talks to raise funds at $150 bln valuation: Report
12/09/2024 07:32 PM | Click to read full article
The ChatGPT maker is discussing raising $6.5 billion from investors and another $5 billion in debt from banks in the form of a revolving credit facility. OpenAI's new valuation would be 74% higher than the $86 billion it fetched in a tender offer earlier this year. The latest capital injection will allow OpenAI to stay private for longer. Most high-flying startups are avoiding going public due to the regulatory costs and the volatility of stock markets.
