OpenAI aims for a valuation of over $100 billion
- August 29, 2024
- 0
In a new round of capital, OpenAI aims to raise billions of dollars to maintain its market leadership. OpenAI wants to raise billions of dollars in a new
In a new round of capital, OpenAI aims to raise billions of dollars to maintain its market leadership. OpenAI wants to raise billions of dollars in a new
In a new round of capital, OpenAI aims to raise billions of dollars to maintain its market leadership.
OpenAI wants to raise billions of dollars in a new investment round. The company behind the popular chatbot ChatGPT wants to maintain its lead in the market and make a strong name for itself. According to sources in the Wall Street Journal, OpenAI is in talks with venture capital investor Thrive Capital and Microsoft is also showing interest. Nothing is known about other investors yet.
OpenAI is currently in talks to raise its largest capital round since last year, when Microsoft pumped $10 billion into the AI āācompany. Venture capital investor Thrive Capital, for example, wants to invest $1 billion. Microsoft would also likely re-enter the round. The other parties involved in the investment round are not yet known, according to WSJ sources.
At the end of last year, OpenAI was valued at $86 billion. The company has recently had to compete against many competitors such as Anthropic and Google, among others. For example, Google recently introduced customized AI bots called Gems Chatbots, which OpenAI had previously offered. This round of capital could strengthen OpenAI and further develop its long-awaited GPT-5 model.
Source: IT Daily
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