OpenAI is in discussions to raise $100 billion in additional capital

 OpenAI is in discussions to raise $100 billion in additional capital

OpenAI is in discussions to raise $100 billion in additional capital

Bloomberg News on Friday quoted sources stating that OpenAI is purportedly in early talks to acquire a fresh fundraising round at a value of $100 billion or more.

Bloomberg News on Friday quoted sources stating that OpenAI is purportedly in early talks to acquire a fresh fundraising round at a value of $100 billion or more.

According to persons with knowledge of the situation, Bloomberg News reported on Friday that OpenAI is in early discussions to secure a fresh round of investment at a value of $100 billion or more.

According to the article, the investment round's conditions, value, and schedule have not yet been decided upon and might change at any time.

The story claims that OpenAI has also discussed raising money for a new semiconductor partnership with G42, an Abu Dhabi-based company.

Although the story did not specify if the chip venture and the overall firm finance were connected, OpenAI has spoken about obtaining $8 billion to $10 billion from the G42.

The article claims that OpenAI and Thrive Capital would conclude a different tender offer early in January, enabling staff members to sell shares at a $86 billion price.

Microsoft has pledged to spend over $10 billion in OpenAI, the company that released ChatGPT in November 2022 and ignited the frenzy for generative artificial intelligence.

Microsoft told Reuters that it has no information to give. Reuters reached out to OpenAI for comment, but they did not reply.

The popularity of AI has increased thanks in large part to ChatGPT, a chatbot that can produce human-like answers in response to user queries. ChatGPT has also significantly raised the worth of San Francisco-based OpenAI. The business has already sold $300 million worth of shares for $30 billion.

Sam Altman, the CEO of OpenAI, announced at the end of November that Microsoft will join the board as an observer and not a voting member.

On November 17, Altman was fired by OpenAI without providing a clear explanation, which alarmed both staff members and investors. Four days later, he was restored with the promise of a new board.