OpenAI is in early discussions to raise a fresh round of funding at a valuation at or above $100 billion, people with knowledge of the matter said, a deal that would cement the ChatGPT maker as one of the world’s most valuable startups. Details like the terms, valuation and timing of the funding round haven’t yet been finalized and could still change, the people said. Click hereIf the funding round happens as planned, it would make the artificial intelligence darling the second-most-valuable startup in the US, behind only Elon Musk’s Space Exploration Technologies Corp., according to data from CBInsights. The startup has discussed raising between $8 billion and $10 billion from G42, said one of the people, all of whom requested anonymity discussing confidential information. It’s unclear whether the chips venture and wider company funding efforts are related.

Source: Hindustan Times December 23, 2023 13:19 UTC