OpenAI set to raise about $10B from venture investors, Bloomberg says

OpenAI is nearing a deal to raise about $10B from venture investors, according to people familiar with the matter, bringing the total haul from its latest funding round to roughly $120B, Bloomberg’s Shirin Ghaffary, Edward Ludlow, and Natasha Mascarenhas report. Abu Dhabi’s MGX, Coatue Management and Thrive Capital are set to participate in the round at a $730B valuation, not including the money raised, said the people. Altimeter Capital is also planning to put in money, the people said.