With a $150 billion value, OpenAI aims to attract capital to elevate its standing among AI firms

According to Bloomberg News, artificial intelligence behemoth OpenAI is in discussions to raise capital at a $150 billion valuation, a move that would solidify its position as one of the biggest businesses in the world.

According to a source citing persons familiar with the subject, the developer of the popular chatbot ChatGPT is talking about obtaining as much as $6.5 billion from investors and another $5 billion in loans from banks in the form of a revolving credit facility.

Compared to the $86 billion it raised in a takeover proposal earlier this year, OpenAI’s current valuation would be 74% greater.

OpenAI has emerged as a significant force in the artificial intelligence sector thanks to the craze created by its ChatGPT.

The business, which is run by Microsoft and is supported by tech behemoth Sam Altman, has spurred a renewed interest in the field in Silicon Valley.