04:31 AM EDT, 08/29/2024 (MT Newswires) -- Microsoft ( MSFT ) -backed OpenAI is in talks with venture capitalists to raise billions of dollars in a new funding round that could value the company at more than $100 billion, The Wall Street Journal reported Wednesday, citing unnamed people familiar with the matter.

Joshua Kushner's Thrive Capital is leading the investment round with about $1 billion and will be the biggest funding round since Microsoft ( MSFT ) invested $10 billion in the ChatGPT maker in early 2023, the news outlet reported.

It could not be determined what other investors are participating in the funding round, The Journal said.

OpenAI and Thrive did not immediately respond to MT Newswires' requests for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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