OpenAI reportedly aims to raise $6.5 billion from investors at a valuation of $150 billion.
The firm also is seeking to raise $5 billion in debt from banks via a revolving credit facility, Bloomberg reported Wednesday (Sept. 11), citing unnamed sources.
The discussions are ongoing, and the terms could change, according to the report.
OpenAI did not immediately reply to PYMNTS’ request for comment.
The financing will be used to cover the company’s computing power needs and…
Read the full article here