OpenAI, the company behind ChatGPT, wants to raise $100 billion or more with a new financing round, insiders told Bloomberg. Such a deal would make the American company one of the world’s most valuable startups ever.
LOOK. Who is Sam Altman (37), CEO of OpenAI?
For the time being, these are preliminary discussions about a new financing round, in which potential investors are already involved. Details such as the terms, valuation and timing of the deal still have to be worked out.
If the plan to raise the additional funding is successful, OpenAI will be the second most valuable startup in the US. Only Elon Musk’s commercial space company SpaceX is worth more as a non-listed company, according to researchers.
Elon Musk
Earlier this month it was announced that Musk is also working on a financing round for his xAI, the start-up that will rival OpenAI. At the beginning of November, the American multi-billionaire presented his own AI product, called Grok. That creation has access to information from X, of which Musk has a majority stake.
Microsoft
OpenAI’s skyrocketing valuation reflects the AI craze the company unleashed a year ago after releasing ChatGPT. The company uses artificial intelligence to, among other things, write logical texts and even poetry in response to simple questions. In a short time, the system caused a stir by creating texts that are difficult to distinguish from human work. That makes the service popular but also controversial. Microsoft has already invested about $13 billion in the company.
Also read:
How ChatGPT changed the world in one year: “It’s all happening way too fast” (+)
These doomsday scenarios become reality when AI is given free rein: “The survival of society is in danger” (+)
LOOK. The Kooks have their next hit written by ChatGPT
LOOK. “Studio 100 uses ChatGPT for inspiration”
Free unlimited access to Showbytes? Which can!
Log in or create an account and never miss anything from the stars.
Yes, I want free unlimited access
2023-12-23 08:51:12
#Company #ChatGPT #billion #financing
