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OpenAI in talks to raise funds at $150 billion valuation, Bloomberg News reports

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(Reuters) -AI heavyweight OpenAI is discussing raising $6.5 billion at a valuation of $150 billion, Bloomberg News reported on Wednesday.

The company is also in talks to raise $5 billion in debt from banks in the form of a revolving credit facility, the report said.

OpenAI did not immediately respond to a Reuters request for comment.

(Reporting by Niket Nishant in Bengaluru; Editing by Shinjini Ganguli)

Disclaimer: This report is auto generated from the Reuters news service. ThePrint holds no responsibilty for its content.

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