Sam Altman-led OpenAI is currently in talks for new funding that could potentially raise its valuation to $100 billion. If successful, this would mark a significant increase of at least $10 billion from its previously reported valuation of $90 billion, according to Bloomberg. The potential funding round would also represent a more than three-fold increase in OpenAI’s valuation within just 12 months.
Notably, OpenAI, which counts Microsoft as one of its major investors, has seen tremendous support from the tech giant. Microsoft has invested $13 billion in OpenAI and currently holds a 49% stake in the company. This new funding round would further solidify OpenAI’s position in the market, as it aims to become the second most valuable startup in the United States, trailing only behind Elon Musk’s SpaceX, which is valued at an impressive $180 billion following a recent tender offer.
While the details of the fundraising are not yet finalized, and the numbers could potentially change before the round concludes, OpenAI is also planning a separate tender offer that values the startup at $86 billion. This move allows some employees to sell their shares.
In addition to seeking funding, OpenAI is focused on its chip venture and aims to raise between $8 billion to $10 billion for this initiative. The company plans to compete with industry leader Nvidia Corp. in the AI chip market.
The surging valuations of OpenAI highlight the immense excitement surrounding artificial intelligence. Following the successful launch of ChatGPT in 2022, OpenAI has consistently introduced upgrades with more advanced features, including the recent GPT-4 Turbo. The company’s outstanding achievements with ChatGPT have ignited a frenzy in the AI sector, with rivals Google and Meta Platforms striving to catch up through their respective projects, Gemini and Llama 2.
As OpenAI continues to revolutionize the AI landscape, it is clear that the potential funding and increased valuations further solidify the company’s position as a major player in the industry. With ongoing advancements and increasing competition, the world of artificial intelligence is set for continuous growth and innovation.
Overall, OpenAI’s pursuit of a $100 billion valuation in its new funding talks demonstrates the tremendous potential and value associated with the company’s advancements in artificial intelligence. With significant support from investors and a commitment to pushing the boundaries of AI technology, OpenAI is poised to make a lasting impact in the field.
