OpenAI seeks new funding at 100 billion valuation


According to Bloomberg sources, OpenAI is in early talks to raise new funding at a valuation of $100 billion or more. If successful, the ChatGPT company would be one of the most valuable startups in the world, just behind SpaceX in the US. Initial discussions with potential investors have taken place, but terms, valuation, and timing have not yet been finalized. OpenAI is also in talks with G42, an AI and cloud computing company, about a multi-billion dollar chip venture. It is unclear whether the two deals are related. There have been rumors in the past that OpenAI wants to get into the chip business, which could give OpenAI another important foothold.

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