OpenAI is seeking funding that could value the company at more than $100 billion.
OpenAI, the startup behind the popular ChatGPT, is in talks to raise billions of dollars in a new funding round that could value the company at over $100 billion, according to a report from the Wall Street Journal on Wednesday.
The funding round is expected to be led by venture capital firm Thrive Capital, which is reportedly prepared to invest around $1 billion, according to sources familiar with the matter. Additionally, it is anticipated that the tech giant and key OpenAI backer, Microsoft, will also contribute funds.
ChatGPT, a chatbot known for generating human-like responses based on user prompts, has significantly boosted the popularity of AI, driving the meteoric rise in the valuation of the San Francisco-based company.
The anticipated valuation of over $100 billion for OpenAI could set a new benchmark for tech company valuations. This shift might affect how other technology companies are valued and traded in the market, potentially leading to adjustments in market expectations and stock prices for similar firms.
If the IPO performs well, it might boost confidence in AI technologies and inspire investment in other tech startups. Conversely, if the IPO faces difficulties, it could impact investor confidence and affect broader market dynamics.
ABOUT THE AUTHOR
See More
Sidebar rates
Add 3442
Add 3440
Join 350 000+ traders receiving Free Trading Signals
Alerts
Rates
Calendar
Signals