Thrive Capital Bets Big on OpenAI with $285 Billion Valuation

According to sources cited by the Wall Street Journal, Thrive Capital, led by Josh Kushner, recently invested in OpenAI at a valuation of $285 billion, roughly a third of what OpenAI is reportedly seeking in its current funding round.

Deal Breakdown

The transaction, worth at least $1 billion, was finalized last December. Sources noted that the deal was part of an investment framework arranged earlier in the year, allowing Thrive to inject capital into OpenAI over time at favorable pricing.

• Structured as a call option
• Thrive has already exercised the rights
• Flexible and forward-looking terms

Described by some insiders as an option that has already been exercised, this move reflects strong confidence in OpenAI’s long-term potential. Colossus had previously reported on Thrive’s option-like arrangement with the AI giant.