OpenAI is reportedly seeking to raise $6.5 billion in a new funding round, aiming for a valuation of $150 billion. Among the significant investors, SoftBank Group Corp.’s Vision Fund is set to contribute $500 million, as reported by The Information on September 30. Thrive Capital is expected to lead the funding effort, with participation from Microsoft Corp., OpenAI’s largest backer.
This funding round would further establish OpenAI as one of the world’s most valuable startups, although it arrives during a tumultuous period for the AI company. Mira Murati, OpenAI’s Chief Technology Officer and a key figure in the organization, recently announced her resignation, adding to a series of leadership changes that have occurred this year. Reports also suggest that OpenAI is exploring restructuring into a for-profit entity, marking a significant shift for the organization.
While SoftBank has not previously invested in OpenAI, it has supported a competitor; in June, the Vision Fund invested in AI search startup Perplexity AI, valuing it at $3 billion.
In a separate but related incident, OpenAI announced on September 23 that its official social media account on X (formerly Twitter) was compromised. The account was hacked, with unauthorized posts encouraging users to click on links related to a fraudulent cryptocurrency token.
Additionally, discussions are underway regarding a potential 7% equity stake for Chief Executive Officer Sam Altman, a first for him within the company. OpenAI is contemplating becoming a public benefit corporation, focusing on profitability while maintaining a commitment to societal benefit. Despite these changes, a spokesperson reassured that the nonprofit arm of OpenAI will continue to play a crucial role in its mission.
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