OpenAI Set to Raise $10 Billion From MGX, Coatue, and Thrive Capital
OpenAI is nearing a deal to raise approximately $10 billion from investors including MGX, Coatue Management, and Thrive Capital, bringing the total from its latest funding round to over $120 billion.
Key Points
- OpenAI raising ~$10 billion from MGX, Coatue, and Thrive Capital, bringing total round to $120B+
- T. Rowe Price is co-leading the financing alongside MGX, Coatue, and Thrive
- CFO Sarah Friar confirmed the raise in a CNBC interview
- Deal expected to close next week
Full Details
OpenAI is nearing a deal to raise about $10 billion from venture investors, according to sources familiar with the matter, bringing the total haul from its latest funding round to more than $120 billion. In a CNBC interview on March 24, 2026, OpenAI Chief Financial Officer Sarah Friar confirmed the company was tapping investors for additional funds. The financing is set to be co-led by MGX, Coatue Management, and Thrive Capital, with T. Rowe Price also participating as a co-lead. The deal is set to close next week. This massive funding round further solidifies OpenAI's position as the most well-funded AI company globally and comes amid intense competition with Anthropic, Google, and other AI providers. The additional capital will likely support continued development of OpenAI's models, potential infrastructure investments, and competitive positioning against well-funded rivals.
Why It Matters
This massive funding round further cements OpenAI's dominant position in AI and signals that the capital arms race in artificial intelligence continues to accelerate, potentially making it even harder for smaller competitors to compete.
Get stories like this delivered daily
AI-curated news, personalized to your interests. Zero noise.
Start 7-Day Free Trial →More in Artificial Intelligence
California to Impose New AI Regulations in Defiance of Trump Call
Governor Gavin Newsom signed an executive order giving California four months to develop AI policies prioritizing public safety, requiring companies seeking state contracts to demonstrate safeguards against child sexual abuse material and violent pornography distribution.
Eli Lilly Doubles Down on Insilico Medicine AI Partnership, Bets Up to $2.75 Billion
Eli Lilly is expanding its partnership with Insilico Medicine, committing $115 million upfront and up to $2.75 billion in total to use the biotech's AI-powered machine learning platforms for developing oral drugs against various diseases.
Mass Flight Disruptions Strand Thousands Across Asia and Türkiye
Thousands of passengers were stranded today as widespread flight cancellations and delays affected major airports across Thailand, Japan, Hong Kong, China, Malaysia, and Türkiye, with 307 cancellations and 2,797 delays recorded across multiple hubs.
Israel Deploys AI Platform to Target Iranian Leaders Amid Regional Tensions
Israel has developed a new AI platform enabling lethal targeting of Iranian leaders, as part of escalating tensions in the Middle East, according to the Washington Post AI & Tech Brief.