• About
  • Advertise
  • Careers
  • Contact Us
Friday, June 27, 2025
  • Login
No Result
View All Result
NEWSLETTER
Tech | Business | Economy
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
    • Mobility
    • Environment
    • Travel
    • StartUPs
      • Chidiverse
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • EventDIARY
    • Editorial
    • Appointment
  • TECHECONOMY TV
  • Apply
  • TBS
  • BusinesSENSE For SMEs
  • Chidiverse
  • News
  • Tech
    • DisruptiveTECH
    • ConsumerTech
    • How To
    • TechTAINMENT
  • Business
    • Telecoms
    • Mobility
    • Environment
    • Travel
    • StartUPs
      • Chidiverse
    • TE Insights
    • Security
  • Partners
  • Economy
    • Finance
    • Fintech
    • Digital Assets
    • Personal Finance
    • Insurance
  • Features
    • IndustryINFLUENCERS
    • Guest Writer
    • EventDIARY
    • Editorial
    • Appointment
  • TECHECONOMY TV
  • Apply
  • TBS
  • BusinesSENSE For SMEs
  • Chidiverse
No Result
View All Result
Tech | Business | Economy
No Result
View All Result
Home DisruptiveTECH

OpenAI Set to Become World’s Most Valuable Private Company

…in talks to raise $6.5 billion, valuation to hit $150 billion

by Joan Aimuengheuwa
September 12, 2024
in DisruptiveTECH
0
OpenAI Set to Become World’s Most Valuable Private Company
Sam Altman; Source: SeongJoon Cho/Bloomberg

Sam Altman; Source: SeongJoon Cho/Bloomberg

UBA
Advertisements

OpenAI, known for its breakthrough work in artificial intelligence, is reportedly in talks to secure a $6.5 billion investment. 

This funding round is expected to boost the company’s valuation to $150 billion, surpassing the $86 billion it reached during a tender offer earlier this year, placing it among the world’s highest-valued private companies.

The anticipated funding round is said to be led by Thrive Capital, with participation from Microsoft, OpenAI’s largest backer. Discussions are also reportedly underway with other tech firms, such as Apple and Nvidia, though none of these companies have confirmed their involvement. 

In addition to the equity investment, OpenAI is also exploring a potential $5 billion credit facility with banks, indicating a multi-faceted approach to expanding its financial resources.

Microsoft’s partnership with OpenAI has been significant, having already invested over $13 billion into the company since 2019. The collaboration includes contributions in Azure cloud services, which have been vital to powering OpenAI’s growing infrastructure needs.

OpenAI’s flagship product, ChatGPT, has become a cornerstone of the company’s success. Launched in 2022, the chatbot’s ability to generate human-like responses has captivated users and also stimulated renewed interest in artificial intelligence across Silicon Valley.

This interest has led to deepened competition in the AI space, with companies racing to secure a foothold in the rapidly advancing field.

The influx of capital comes at a time when many high-growth tech startups are shying away from public listings, preferring to remain private to avoid the risks associated with volatile stock markets. 

This strategy is further supported by alternative financing options, such as private equity and venture funds, which allow companies like OpenAI to continue scaling without the pressures of a public offering.

In recent years, artificial intelligence companies have attracted increasing amounts of investment, as the technology has evolved at a commendable pace. 

Startups focused on generative AI, in particular, are drawing billions in funding as investors seek to capitalise on the potential for these systems to reshape industries. 

Loading

Advertisements
MTN ADS

Author

  • Joan Aimuengheuwa
    Joan Aimuengheuwa

    Joan thrives at helping individuals and businesses scale via storytelling...

    View all posts
0Shares
Tags: OpenAIOpenAI to Raise $6.5 billionOpenAI ValuationSam Altman
Joan Aimuengheuwa

Joan Aimuengheuwa

Joan thrives at helping individuals and businesses scale via storytelling...

Next Post
SUBBD, Luna PR Join Forces to Shape the Future of AI-Powered Content Creation

SUBBD, Luna PR Join Forces to Shape the Future of AI-Powered Content Creation

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

I agree to the Terms & Conditions and Privacy Policy.

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Recommended

Business Development Manager

What Makes a Great Tech Business Development Manager

4 years ago
Microservices and Serverless Architectures by Gabriel Tosin Ayodele

Exploring Microservices and Serverless Architectures

3 years ago

Popular News

    Connect with us

    • About
    • Advertise
    • Careers
    • Contact Us

    © 2025 TECHECONOMY.

    No Result
    View All Result
    • News
    • Tech
      • DisruptiveTECH
      • ConsumerTech
      • How To
      • TechTAINMENT
    • Business
      • Telecoms
      • Mobility
      • Environment
      • Travel
      • StartUPs
        • Chidiverse
      • TE Insights
      • Security
    • Partners
    • Economy
      • Finance
      • Fintech
      • Digital Assets
      • Personal Finance
      • Insurance
    • Features
      • IndustryINFLUENCERS
      • Guest Writer
      • EventDIARY
      • Editorial
      • Appointment
    • TECHECONOMY TV
    • Apply
    • TBS
    • BusinesSENSE For SMEs

    © 2025 TECHECONOMY.

    Welcome Back!

    Login to your account below

    Forgotten Password?

    Retrieve your password

    Please enter your username or email address to reset your password.

    Log In
    Translate »
    This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.