OpenAI nears funding round at over $100 bn valuation led by Thrive Capital

OpenAI is getting closer to raising funding at a valuation of more than $100 billion in a round led by Thrive Capital, people with knowledge of the matter said.

Thrive will invest about $1 billion in the round, said one of the people, who asked to remain anonymous because the fundraising hasn’t been made public. OpenAI Chief Financial Officer Sarah Friar told employees in a memo on Wednesday that the company is seeking fresh capital, without giving details, according to people familiar with the matter.