Asia Tech Wire (Sep 12) -- OpenAI is in talks to raise $6.5 billion from investors at a $150 billion valuation, according to Bloomberg.

The new valuation, which excludes funds raised, is significantly higher than the $86 billion valuation in the company's tender offer earlier this year, the report said, citing people familiar with the matter.

Meanwhile, OpenAI is also in talks to raise $5 billion from banks in the form of a revolving credit facility.

However, the people noted that negotiations are still ongoing and terms could change.