OpenAI is in discussions to raise funds at a $150 billion valuation, nearly doubling its previous $86 billion valuation from earlier this year, according to Bloomberg. The company is reportedly considering $6.5 billion in equity financing and exploring a $5 billion credit line with banks.
OpenAI, known for its viral ChatGPT, has become a major player in artificial intelligence. Microsoft is one of its key investors, though this partnership has faced antitrust scrutiny.
Despite its rapid rise, OpenAI has faced controversy, including a leadership shake-up in 2023 and concerns that its AI models are falling behind competitors like Anthropic and Google.