VocabSphereOpenAI in talks to raise new funding at US$100-billion valuation, making the ChatGPT creator one of the world’s most valuable start-ups
OpenAI in talks to raise new funding at US$100-billion valuation, making the ChatGPT creator one of the world’s most valuable start-ups
OpenAI in talks to raise new funding at US$100-billion valuation, making the ChatGPT creator one of the world’s most valuable start-ups
OpenAI in talks to raise new funding at US$100-billion valuation, making the ChatGPT creator one of the world’s most valuable start-ups
OpenAI, a start-up backed by Microsoft, is in the early stages of discussions to raise additional funding. They are aiming for a valuation of at least US$100 billion. This would solidify OpenAI's position as one of the most valuable start-ups globally, especially known for creating ChatGPT, an AI chatbot.
Potential investors have been included in the preliminary discussions. However, the specifics of the funding round, such as the terms, valuation, and timing, are yet to be finalized. If the funding round proceeds as planned, OpenAI would become the second most valuable start-up in the United States, trailing only behind Elon Musk's SpaceX.
In January, OpenAI is set to complete a separate tender offer, allowing employees to sell their shares at a valuation of US$86 billion. This move has seen more demand from investors than availability. OpenAI's valuation has skyrocketed since it released ChatGPT a year ago, a chatbot capable of composing human-like sentences and poetry. This has led to a renewed interest in AI, with companies like Amazon and Google investing billions into AI research.
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