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OpenAI Seeks $100B Valuation In Funding Talks.

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OpenAI Seeks $100B Valuation In Funding Talks.

(CTN News) – On Friday OpenAI is currently engaged in preliminary discussions to secure a new round of funding, with a valuation potentially exceeding $100 billion.

However, the specific terms and timing of this funding round have not been fully determined and may undergo alterations. Additionally, OpenAI has been in talks with G42, a company based in Abu Dhabi, regarding potential funding for a new chip venture.

The report does not clarify whether the chip venture and the broader company funding are interconnected. It does mention that has explored the possibility of raising funds ranging from $8 billion to $10 billion from G42.

According to the report, OpenAI is expected to complete a separate tender offer led by Thrive Capital in early January.

This opportunity would allow employees to sell their shares at a valuation of $86 billion.

Microsoft, on the other hand, has committed to investing more than $10 billion in OpenAI. It was in November 2022 that OpenAI sparked the generative artificial intelligence craze by releasing ChatGPT.

When contacted by Reuters, Microsoft stated that it had no information to share. OpenAI, on the other hand, did not respond to a request for comment from Reuters.

The popularity of AI has been greatly influenced by ChatGPT, a chatbot capable of generating responses that resemble human-like interactions based on user prompts.

This has resulted in a significant increase in the valuation, of a San Francisco-based company. Previously, the company had conducted a share sale worth $300 million at a valuation of $30 billion.

In late November, OpenAI CEO Sam Altman announced that Microsoft would hold a non-voting, observer position on the company’s board.

Altman’s removal from his position on November 17 without a clear explanation raised concerns among investors and employees. However, he was reinstated four days later with the promise of a new board.

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