Alexander Lewis
Dec 23, 2023
Artificial intelligence startup OpenAI is reportedly exploring securing a massive new round of funding, potentially valuing the company at a staggering $100 billion or even higher.
Bloomberg reported that while details like the exact amount and timing remain in flux, the potential deal represents a significant vote of confidence in OpenAI's future.
It should be noted that this development comes on the heels of a turbulent period for the company, which saw CEO Sam Altman briefly ousted before being reinstated amid investor concerns. With this potential funding, OpenAI could significantly expand its operations and continue pushing the boundaries of AI research.
The publication further reported that separate discussions regarding a chip venture with Abu Dhabi-based G42 were also held as the startup aims to raise $8 billion and $10 billion from G42.
This potential collaboration highlights OpenAI's interest in developing its hardware infrastructure to support its ambitions in the rapidly evolving world of AI.
It is, however, unclear whether the chip venture and wider company funding were related or not.
Overall, these developments underscore the growing excitement and anticipation surrounding OpenAI and its role in shaping the future of artificial intelligence. With substantial new resources potentially on the horizon, the company appears poised to accelerate its progress and further its impact on the world.
It should be noted that the OpenAI is set to complete a separate tender offer led by Thrive Capital in early January, which would allow employees to sell shares at a valuation of $86 billion.
Microsoft has already committed to invest over $10 billion in OpenAI, which kicked off the generative artificial intelligence craze in November 2022 by releasing ChatGPT.
