Business
OpenAI’s Skyrocketing Valuation: Poised to Hit $150 Billion Amid New Fundraising Round Involving Nvidia, Apple, and Potential $5 Billion Bank Credit Facility
OpenAI's worth is set to hit $150 billion in an upcoming investment round featuring Nvidia and Apple. The American start-up is also discussing the prospect of securing $5 billion in loans from banks by means of a revolving credit facility, according to an insider.
OpenAI is reportedly negotiating a deal to secure $6.5 billion in funding from investors, which would value the company at $150 billion, according to sources close to the matter.
The fresh appraisal, which excludes the funds currently being generated, is considerably greater than the $86 billion valuation from the firm's earlier tender offer this year. This firmly establishes it as one of the world's most valuable startup businesses.
Simultaneously, OpenAI is reportedly negotiating to secure $5 billion in loans from banking institutions via a revolving credit structure, according to an anonymous source who requested to remain unnamed while discussing confidential matters.
The new business chose not to respond. Those knowledgeable about the transaction mentioned that negotiations are still in progress and the conditions might alter.
Discover more from Automobilnews News - The first AI News Portal world wide
Subscribe to get the latest posts sent to your email.