OpenAI has completed a major funding round worth approximately $10 billion, with participation from investors including MGX, Coatue Management, and Thrive Capital, according to reports.

The artificial intelligence company, known for developing ChatGPT and other large language models, continues to attract significant investor interest as it expands its operations and develops new AI capabilities. The funding round represents one of the largest private investment deals in the AI sector.

MGX, Coatue, and Thrive Capital served as lead investors in the round. The specific valuation and terms of the investment were not immediately disclosed. OpenAI has previously raised substantial amounts from investors including Microsoft, which has been a major strategic partner and investor in the company.

The funding comes as OpenAI faces increasing competition in the generative AI market from companies like Anthropic, Google, and other tech giants developing similar technologies. The capital will likely support OpenAI's continued research and development efforts as well as its commercial expansion.