OpenAI reportedly finalizing $100B deal at more than $850B valuation

In Brief Posted: 7:35 AM PST · February 19, 2026 Image Credits:Kyle Grillot/Bloomberg / Getty Images Rebecca Bellan OpenAI reportedly finalizing $100B deal at more than $850B valuation OpenAI is nearing a deal to raise more than $100 billion at a valuation that could exceed $850 billion, Bloomberg reports, citing sources familiar with the matter. The deal comes as the ChatGPT-maker burns through cash as it inches towards profitability. To that end, OpenAI has said it has started testing ads in ChatGPT for free users, a gamble that could lead to more revenue or could send users running from the platform. Apparently investors think it’s worth the risk if they’re valuing the company $20 billion higher than the $830 billion valuation initially expected. The company’s pre-money value will remain at $730 billion, per Bloomberg’s source. The first tranches of funding are reportedly coming from the usual suspects: Amazon (already in talks to invest up to $50 billion), SoftBank (gearing up for $30 billion), Nvidia (close to investing $20 billion), and Microsoft. VC firms and sovereign wealth funds are expected to close later, potentially bringing the total amount raised higher. TechCrunch has reached out to OpenAI for comment. Topics AI, Fundraising, OpenAI October 13-15 San Francisco, CA Tickets are live at the lowest rates of the year. Save up to $680 on your pass now.Meet investors. Discover your next portfolio company. Hear from 250+ tech leaders, dive into 200+ sessions, and explore 300+ startups building what’s next. Don’t miss these one-time savings. REGISTER NOW Newsletters See More Subscribe for the industry’s biggest tech news TechCrunch Daily News Every weekday and Sunday, you can get the best of TechCrunch’s coverage. TechCrunch Mobility TechCrunch Mobility is your destination for transportation news and insight.

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