04:50 PM EDT, 09/11/2024 (MT Newswires) -- Microsoft ( MSFT )-backed (MSFT) OpenAI is in talks with investors to raise $6.5 billion at a $150 billion valuation, not including the funding round, Bloomberg News reported Wednesday, citing people familiar with the matter.

The company is also engaged in discussions to raise $5 billion from banks under a revolving credit facility, one of the people reportedly said.

The discussions are ongoing and final numbers could still change, sources told the news outlet.

OpenAI did not immediately respond to MT Newswires' request 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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