OpenAI in Discussions for New Funding at Over $100B Valuation

OpenAI, the organization behind the popular ChatGPT, is reportedly in negotiations for a multi-billion dollar investment that could raise its valuation to over $100 billion.

This anticipated funding round is expected to be led by Thrive Capital, contributing approximately $1 billion. Additionally, Microsoft, a current investor in OpenAI, is expected to participate in this funding effort. Microsoft’s involvement underscores its ongoing support and collaboration with OpenAI, which has played a crucial role in advancing artificial intelligence technologies.

The San Francisco-based AI firm has experienced a significant increase in its valuation, largely due to the success of ChatGPT, a chatbot known for its ability to produce human-like conversational responses.

This potential funding round reflects the growing financial interest in AI technology. Thrive Capital’s considerable investment indicates strong confidence in OpenAI’s growth prospects. While specific details of the funding round remain undisclosed, this move exemplifies the increasing investment in artificial intelligence startups. OpenAI’s rising valuation highlights the industry’s recognition of ChatGPT’s influence and the broader potential of AI applications.