OpenAI Files Confidential IPO Draft as AI Giants Race Toward Public Markets 
Jensen Huang Strengthens Nvidia’s South Korea Ties Amid AI Expansion 
Switch Eyes Multi-Billion-Dollar Funding Round at $50 Billion Valuation Ahead of Potential IPO 
Meta Partners With Reliance to Launch First AI-Powered Data Center in India 
TSMC Sees Strong AI-Driven Growth as Demand for Advanced Chips Continues to Surge 
Apollo and Blackstone Complete $35 Billion Anthropic AI Infrastructure Financing Deal 
Bouygues, Orange and Iliad Strike €20.35 Billion Deal to Acquire SFR 
GSK Reportedly Nears $9 Billion Acquisition of Cancer Drug Developer Nuvalent 
Coupang Hit With Record $409 Million Fine Over Data Breach Affecting 33 Million Users 
Alibaba Offers $1.5 Billion to Acquire Grocery Delivery Platform Pupu 
GM and Peak Energy Partner to Advance Sodium-Ion Battery Technology for Grid Storage 
Nvidia Expands South Korea AI Partnerships to Strengthen Data Center and Memory Chip Supply 
SK Hynix Stock Rebounds as AI Memory Chip Demand Fuels Expansion Plans 
Apple Unveils Enhanced Apple Intelligence and Next-Generation Siri at WWDC 2026 
SpaceX Sets IPO Price at $135 Per Share Ahead of Historic Nasdaq Debut 
Sigma Healthcare Shares Slide Amid Preliminary Boots Acquisition Talks 
Qualcomm Stock Gains After Jensen Huang Endorsement 
OpenAI, the artificial intelligence giant led by Sam Altman, is in discussions to raise capital at a potential $150 billion valuation. The success of ChatGPT has positioned the company at the forefront of the AI revolution, further boosting investor interest.
OpenAI's $150 Billion Valuation Talks Begin
According to Bloomberg News, artificial intelligence (AI) powerhouse OpenAI is reportedly in talks to raise capital at a valuation of $150 billion, further solidifying its position as one of the world's largest businesses.
The corporation is reportedly in the process of exploring the possibility of borrowing $6.5 billion from investors, as stated by Reuters, which cited individuals who are aware with the situation. Additionally, the company is reportedly considering obtaining an additional $5 billion in debt from banks in the form of a revolving credit facility.
OpenAI's Valuation Poised for 74% Growth
Compared to the $86 billion it received in a tender offer earlier this year, OpenAI's new valuation would be 74% greater.
Reuters reached out to the company for comment, but no one was available. Bloomberg News had reported that Thrive Capital would be leading the fundraising, but they also chose not to comment.
ChatGPT's Viral Success Bolsters OpenAI's AI Lead
The excitement that was caused by OpenAI's chatbot, ChatGPT, which went viral, has resulted in the company being one of the most prominent participants in the artificial intelligence market, according to Channel News Asia.
A renaissance of interest in the field coming from Silicon Valley has been steered by the business, which is run by Sam Altman and supported by the technology giant Microsoft.
OpenAI Joins the 'Private Magnificent Seven' List
The private securities marketplace Forge Global Holdings included OpenAI in its "Private Magnificent Seven" list on Wednesday.
A set of publicly traded mega-cap equities known as the Magnificent Seven includes companies such as Microsoft, Apple, Alphabet, the parent company of Google, Tesla, and an additional company.
