ChatGPT parent company, OpenAI, has reportedly entered discussions to secure a new round of funding, aiming to raise at least $100 billion according to sources who spoke with Bloomberg News.
Currently, the terms, exact valuation of funds, and the timeline for this potential funding round remain subject to change, as per the report. Additionally, OpenAI has engaged in talks regarding funding for a new chip venture, potentially partnering with G42, a company based in Abu Dhabi. However, the relationship between this chip venture and the broader funding initiative remains unclear. The discussions with G42 have allegedly involved considering raising funds in the range of $8 billion to $10 billion.
OpenAI is concurrently in the final stages of a separate tender offer led by Thrive Capital, expected to conclude early in January. This initiative would enable employees to sell shares at a value of $86 billion.
Tech giant, Microsoft, which has been offering OpenAI support, has committed to investing over $10 billion in the ChatGPT owner, triggering a surge in OpenAI’s value. OpenAI’s ChatGPT has significantly contributed to the popularity of AI and has been instrumental in driving the remarkable increase in the company’s worth. Notably, the company previously conducted a $300 million share sale at a value of $30 billion.
