OpenAI is currently negotiating a deal that could value the company at $100 billion or more, marking a significant increase from its previous valuation. This new funding round, led by Thrive Capital with an investment of approximately $1 billion, could also see continued support from Microsoft, which has already invested $13 billion in OpenAI, including a $10 billion injection in early 2023.
The talks come as OpenAI, the pioneer of the AI boom with its release of ChatGPT in late 2022, continues to lead the field in artificial intelligence. Despite a recent cooling of investor enthusiasm and a trend of high-profile startups being absorbed by tech giants like Google and Amazon, OpenAI remains at the forefront of AI innovation. The company has continued to advance its technologies, developing enhanced versions of ChatGPT capable of generating images and human-like speech.
In the wake of its last major funding round in early 2023, which was led by Thrive Capital and valued the company at over $80 billion, OpenAI did not issue new shares but allowed employees to sell existing ones. This new round of investment follows a tumultuous year for the company, including the brief dismissal and subsequent reinstatement of CEO Sam Altman amid internal disagreements about the company’s direction. Despite these challenges, OpenAI’s growth and its capacity to work with resource-intensive AI systems position it as a leading player in the AI landscape.
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