According to the Wall Street Journal.OpenAI Negotiations are underway for a new round ofFinancing, with a target valuation of upwards of $100 billion.
The financing will be led by Josh Kushner's Thrive Capital, which plans to invest $1 billion, sources said. In addition, Microsoft, NVIDIA and Apple are also likely to be major investors in the financing.
In the secondary market, OpenAI has been valued at more than $100 billion. Some investors have demonstrated their willingness to participate in the company at a higher valuation by purchasing shares from existing shareholders rather than buying directly from the company. data from secondary market deal tracking platforms such as Rainmaker Securities and calight show that investors have bid for OpenAI shares at a valuation of $143 billion, while the company's current valuation is estimated at more than $111 billion based on past funding rounds. The company's current valuation is estimated at more than $111 billion.
There are a lot of investors who really want to be a part of this story, who want to be investors in this company," said Glenn Anderson, co-founder and managing partner of Rainmaker Securities.
While OpenAI's valuation is climbing rapidly, so are its revenues. The company is reportedly on track to reach $2 billion in annual recurring revenue (ARR) by the end of this year.
Greg Martin, another co-founder and Managing Director of Rainmaker Securities, added: "While it is very difficult to properly value OpenAI, we are seeing a lot of demand. People are concerned about missing out on the opportunity to participate in this company, which has led to strong market demand for its shares."
Market observers believe that OpenAI's future growth prospects could far exceed its current valuation, and that it could become the next trillion-dollar tech giant.