OpenAI is reportedly trying to raise $100B at an $830B valuation

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OpenAI is in talks to raise up to $100 billion in a funding round that could value the ChatGPT maker at up to $830 billion, the Wall Street Journal reported Thursday, citing anonymous sources.

The company is aiming to raise the funding by the end of the calendar first quarter next year, and it may ask sovereign wealth funds to invest in the round, the WSJ reported. The Information first reported news of the deal, though it said the fundraise would land OpenAI a $750 billion price tag.

The funding would come as OpenAI commits to spend…



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OpenAI is reportedly trying to raise $100B at an $830B valuation


OpenAI is in talks to raise up to $100 billion in a funding round that could value the ChatGPT maker at up to $830 billion, the Wall Street Journal reported Thursday, citing anonymous sources.

The company is aiming to raise the funding by the end of the calendar first quarter next year, and it may ask sovereign wealth funds to invest in the round, the WSJ reported. The Information first reported news of the deal, though it said the fundraise would land OpenAI a $750 billion price tag.

The funding would come as OpenAI commits to spend…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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