OpenAI Has Discussed Raising Tens of Billions at Valuation Around $750 Billion

OpenAI has held preliminary discussions with some investors about raising new funding at a valuation of around $750 billion, according to three people with knowledge of the discussions. It could raise tens of billions of dollars, and as much as $100 billion, according to two of the people. Talks are early and nothing has been finalized.

A valuation at that level would be 50% higher than OpenAI’s last share sale in October and would add to its already substantial cash stockpile needed to train and run its AI models. It’s already started to line up funding in addition to the more than $60 billion it’s raised from  investors including Thrive Capital, SoftBank and others. Amazon is in talks to invest $10 billion or more in the company.