OpenAI to be valued at over $100 billion

OpenAI is in talks to raise new investment at a valuation of more than $100 billion, Bloomberg reports , citing sources.

Sam Altman's startup has been in discussions to raise funding since at least December . Thrive Capital is investing about $1 billion, the agency notes. 

On WednesdayCFOOpenAI's Sarah Friar told employees the money would support the company's need for computing power and cover operating expenses. 

Staff will be offered the opportunity to sell some shares later this year. Bloomberg stressed that these discussions are at an early stage and details have not been finalized.

Earlier, it was reported that OpenAI is looking to raise more capital amid its desire to introduce a new product called Strawberry 

In July, media reported that OpenAI's potential loss in 2024 would be $5 billion, causing the company to run out of money within ~12 months without new investment.

In June, Altman reported a twofold increase in the company's revenue year-on-year to $3.4 billion. This figure is defined as revenue for the last month multiplied by 12. At the end of 2023, the figure was $1.6 billion, and last summer it was about $1 billion.

Recall that in February, OpenAI closed a deal to sell shares at a valuation of $86 billion.

In January 2023, the startup's valuation was $29 billion.