TechCrunch Daily Crunch OpenAI is reportedly trying to raise $100B at an $830B valuation
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Dec 20, 2025 OpenAI is on a quest to raise a whopping $100 billion, eyeing an impressive $830 billion valuation. Meanwhile, TikTok takes a bold step, forming a U.S. joint venture controlled by American investors. Netflix is pivoting towards podcasts, signing exclusive deals to redefine daytime talk. Plus, they just acquired Ready Player Me to enhance user experiences with cross-game avatars. Krafton and partners are also launching a growth fund aimed at boosting innovation in India. It's a tech landscape full of daring moves!
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TikTok Forms U.S. Joint Venture
- TikTok will cede substantial control of its U.S. business to an American investor group.
- Oracle, Silver Lake, and MGX will together own 45% while ByteDance retains nearly 20% of the U.S. operation.
OpenAI Targets Massive Fundraise
- OpenAI is reportedly pursuing an enormous funding round that could value it near $830 billion.
- The raise would help cover growing inferencing and compute costs as OpenAI scales global deals and expenditures.
Compute Costs Outpacing Credits
- The funding need reflects that OpenAI's inferencing costs are increasingly paid in cash rather than cloud credits.
- This implies compute spending has outgrown prior partnership subsidies and credits.