OpenAI Set to Raise About $10 Billion From MGX, Coatue, Thrive

A $10 billion funding deal is imminent for the AI leader, led by MGX, Coatue, and Thrive Capital, per insiders. This injection would mark one of the largest private venture rounds in tech history. The fresh capital brings OpenAI’s current funding round to approximately $120 billion, cementing its status as the world’s most valuable AI startup. Valuation details remain undisclosed but are expected to surge post-deal. The funding surge reflects escalating investor confidence in generative AI’s commercial potential, despite regulatory and ethical scrutiny. Competitors like Anthropic and Mistral are racing to secure similar mega-rounds. Timing aligns with OpenAI’s aggressive expansion into enterprise AI, quantum-AI hybrid systems, and global data center builds. The funds may accelerate its rumored $100B+ infrastructure push over the next decade. Sources suggest the deal could close within weeks, pending final negotiations. The participants—MGX (Microsoft-backed), Coatue, and Thrive—signal a blend of strategic and financial backers betting on AI dominance.