OpenAI is nearing a deal to raise about $10 billion from investors including
MGX, Coatue Management and Thrive Capital, with Altimeter Capital also planning
to participate, according to people familiar. The round values OpenAI at $730
billion, excluding new funds, and could lift its total funding round to about
$120 billion. The deal may close by month-end and would support spending on
computing power and talent, potentially bringing valuation to roughly $850
billion including capital raised.
