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OpenAI in fundraising talks that would value it at $225b

Los Angeles | OpenAI is in talks to raise about $US6.5 billion as part of a deal that would value the company at around $US150 billion ($225 billion), a nearly $US70 billion increase from its valuation nine months ago, according to five people with knowledge of the conversations.

The deal would make the company more valuable than any other private company except for ByteDance, maker of video-sharing app TikTok.

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    Original URL: https://www.afr.com/link/follow-20180101-p5k9xf