OpenAI is going to attract at least $100 billion in new investments
OpenAI is in talks with investors to raise a new round of funding for $100 billion or more. This is reported by Bloomberg, citing knowledgeable sources.
According to them, the relevant conditions, valuation, and timing have not yet been finalized and may change. However, CBInsights believes that the realization of the planned plans will make OpenAI the second most valuable startup in the United States. Elon Musk’s Space Exploration Technologies Corp. retains the top spot.
In November, the company’s CEO Sam Altman said in an interview with the Financial Times that OpenAI plans to raise additional funding from Microsoft to create general artificial intelligence (AGI), i.e. AI with human cognitive abilities.
He also said that he expects to “raise a lot more money over time” from the tech giant and other investors to build more sophisticated AI models.
At the end of September, it became known that OpenAI was negotiating with investors about a possible sale of shares, which could result in an estimated value of $80-90 billion.