OpenAI Seeks New Funding Round to Raise Valuation

OpenAI is seeking to raise several billion dollars in a funding round that could elevate its valuation to over $100 billion, with Thrive Capital expected to lead the effort by investing $1 billion. Microsoft, a long-time investor in OpenAI, is also anticipated to participate in this funding round. The company's valuation was $86 billion in 2023, and it has recently reported annualized recurring revenue exceeding $2 billion. OpenAI's growth is fueled by the widespread adoption of its ChatGPT product, which has garnered hundreds of millions of monthly users. Some of the funds raised will reportedly be used to enhance computing capacity for the development of a new AI model, GPT-5. This potential influx of capital follows OpenAI's previous successful funding rounds and reflects ongoing investor optimism in the AI sector.