The Latest Breaking News from Thrive Capital

OpenAI did not name the investors, but reports said that the funding round was led by New York-based venture capital firm Thrive Capital, including the company's biggest backer Microsoft and new participants, chipmaker Nvidia and SoftBank, among others.

OpenAI did not name the investors, but reports said that the funding round was led by New York-based venture capital firm Thrive Capital, including the company's biggest backer Microsoft and new participants, chipmaker Nvidia and SoftBank, among others.

A new report claims more investors are joining OpenAI's latest round of funding, potentially propelling it to become the world's dominant AI company worth trillions of dollars, potentially ahead of Microsoft, NVIDIA, and Apple.

OpenAI is reportedly in talks to raise $6.5 billion from investors, pushing its market capitalization to approximately $150 billion. The startup also wants to raise $5 billion in debt from a few banks.

Thrive Capital is expected to lead the investment, committing $1 billion to the round.

Savvy has raised $15.5 million in an additional round led by Canvas Ventures, closing the startup’s Series A at $26.5 million, Fortune can exclusively report. Thrive Capital, Brewer Lane Ventures, Index Ventures, The House Fund, and Alumni Ventures, all existing investors, also participated in the round.

Company to sell existing shares in ‘tender offer’ led by venture firm Thrive Capital, in similar deal as early last year

The firm’s eighth growth fund has made investments into VCs including Scale AI’s Alexandr Wang and Not Boring newsletter writer Packy McCormick.

He built a name for himself apart from his famous family—and defied VC expectations

The Thrive Capital founder has built his brand around unwavering support for founders—including the embattled Sam Altman of OpenAI.

A lot of people stand to lose a lot of money if OpenAI tries to forge on without Sam Altman.