Thrive Capital Invests $1 Billion In OpenAI

Thrive Capital invested roughly $1 billion in OpenAI in December at a $285 billion valuation, a source confirmed Wednesday. OpenAI is finalizing a potential funding round that could exceed $100 billion and lift its valuation toward $800 billion, with early contributions from strategics like Nvidia, SoftBank and Amazon expected to comprise roughly 90% of the round. Thrive is likely to participate.