ChatGPT’s OpenAI set to raise new funding at $100B valuation
OpenAI, the company behind the creation of ChatGPT and considered one of the world's most interesting firms, is reportedly in initial discussions to secure a new round of funding at a minimum valuation of $100 billion, sources familiar with the matter reveal.
OpenAI's valuation could potentially reach $100 billion, which would make it the second most valuable startup in the United States, behind Elon Musk's Space Exploration Technologies Corp. (SpaceX).
According to a recent report from Bloomberg, the company is set to conclude a secondary tender offer in early January, allowing its employees to sell their shares at an $86 billion valuation. Leading this initiative is Thrive Capital, and insider sources indicate a substantial demand from investors, surpassing the available supply.
The company's CEO, Sam Altman, has been reportedly seeking funding for OpenAI's Tigris chip project. The goal of the project is to create semiconductors that can rival those made by Nvidia, which currently controls the majority of the AI chip industry.
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