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OpenAI in Talks for Funding Round Valuing It Above $100 Billion

DATE POSTED:September 4, 2024
OpenAI is in talks to raise several billion dollars in a new funding round that would value the startup behind ChatGPT above $100 billion. The new funding round would be the biggest infusion of outside capital into OpenAI since Microsoft invested around $10 billion in January 2023. Since then, an arms race has developed in Silicon Valley to build the most advanced artificial-intelligence systems in an effort to dominate an industry many say will revolutionize the economy. Source: OpenAI in Talks for Funding Round Valuing It Above $100 Billion