Artificial intelligence research firm OpenAI is reportedly in talks to raise new funding that could significantly boost its valuation. According to a Sept. 11 Bloomberg report citing sources familiar with the matter, the company is seeking to raise up to $100 billion, which would value it at around $150 billion.
This potential funding round would come just months after OpenAI secured $10 billion from Microsoft in January. The new investment would further solidify Microsoft’s position as a major player in the AI space and provide OpenAI with the resources to continue its research and development efforts.
OpenAI has experienced rapid growth in recent years thanks to the success of its large language model ChatGPT. The AI chatbot has been widely praised for its ability to generate human-quality text, and it has been used for a variety of applications, including writing code, translating languages, and creating different kinds of creative content.
If successful, the new funding round would make OpenAI one of the most valuable startups in the world. However, it is important to note that the company has not confirmed the details of the fundraising talks, and it is possible that the final terms of the deal could change.
