Science & Technology

OpenAI Reportedly Plans to Raise New Funding

Media outlets, citing insiders, report that OpenAI is currently discussing the possible holding of a new round of fundraising for at least $100 billion.

OpenAI Reportedly Plans to Raise New Funding

If the mentioned intention is realized, this startup, which has developed the world’s most popular chatbot based on artificial intelligence called ChatGPT, will become one of the most valuable among firms from all over the world that are at the initial stage of existence.

Insiders report that negotiations on a new round of financing are currently at an early stage. Also, according to them, the investors whom the company intends to gain to its initiative were included in the preliminary discussions. In this case, the insiders used the right of anonymity, noting that the issue of a new round of financing is still confidential.

CBInsights data indicates that successful fund-raising will make the ChatGPT developer the second most valuable startup in the United States. The first place in this ranking is occupied by Space Exploration Technologies Corp. Elon Musk.

Representatives of OpenAI did not provide any information in response to a media request for a new round of financing.

This year, there were reports in the information space that the startup intends to complete a separate tender offer in early January 2024. The implementation of this plan will allow the company’s employees to sell their shares worth a total of $86 billion. Insiders reported that in this case, the level of demand from investors exceeded the volume of supply.

The rapidly growing appreciation of OpenAI is a reflection of the global interest in artificial intelligence technology. This process is largely due to the chatbot of this startup, which debuted at the end of last year and demonstrated impressive abilities to generate content, mainly in the format of text material. The digital product has a high level of cognitive development.

Insiders report that OpenAI has also held talks on raising financing for a new chip manufacturing venture with G42, an Abu Dhabi-based company. According to media informants, the startup discussed investments of $8 billion to $10 billion. So far, there is no final result on the implementation of OpenAI’s plans.

As we have reported earlier, Microsoft to Add OpenAI’s Models to Copilot.

Serhii Mikhailov

2367 Posts 0 Comments

Serhii’s track record of study and work spans six years at the Faculty of Philology and eight years in the media, during which he has developed a deep understanding of various aspects of the industry and honed his writing skills; his areas of expertise include fintech, payments, cryptocurrency, and financial services, and he is constantly keeping a close eye on the latest developments and innovations in these fields, as he believes that they will have a significant impact on the future direction of the economy as a whole.