Joshua Kushner’s Thrive Capital invested roughly $1 billion in OpenAI at a $285 billion valuation in December, a source confirmed Wednesday.
It is a preferential deal for the venture capital firm that has long been one of the artificial intelligence startup’s major financial backers.
OpenAI is finalizing a massive funding round that could total more than $100 billion and boost the company’s valuation to $800 billion. Thrive’s investment late last year was a separate deal, but the firm is likely to participate in the current round, according to a source familiar with the discussions who asked not to be named because the talks are confidential.
A representative for Thrive declined to comment. The Wall Street Journal was first to report Thrive’s investment.
Thrive announced earlier this month that it closed its latest fund, which exceeds $10 billion. OpenAI CEO Sam Altman, who has a close relationship with Kushner, lauded the news in a post on X.
