OpenAI, the startup behind the artificial intelligence portal known as ChatGPT, is about to get a massive cash infusion that will pump its valuation beyond $100 billion.
What Happened: Venture capital firm Thrive Capital is leading a fundraising effort and will invest at least $1 billion, according to the Wall Street Journal.
Microsoft Corp (NASDAQ:MSFT), an original OpenAI investor, is also expected to participate in the round. It remains to be seen what other backers, if any, are joining the campaign.
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