US EditionOpenAI Funding on Track to Top $100 Billion with Latest Round
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10 Articles
Times of India
The Economic TimesOpenAI funding on track to top $100 billion with latest round
As the ChatGPT maker prepares to spend trillions in infrastructure investment, the overall valuation of the company, including the eventual funding, could exceed $850 billion, according to some of the people. That’s higher than the $830 billion initially expected. The company’s pre-money value will remain $730 billion, said one person, all of whom asked not to be identified discussing private information.
OpenAI is nearing completion of the first phase of its new funding round, which is likely to attract more than $100 billion (about €85 billion, at current change), according to Bloomberg and The Information, who cite knowledgeable sources of the process.The operation is one of the largest funding rounds in history.Continue reading
NEW YORK.—OpenAI is close to closing the first phase of a new round of funding that is likely to exceed $100 billion, according to people familiar with the operation. It would be a record deal that will bring additional capital to the startup to expand the development of its artificial intelligence tools. As ChatGPT’s creator prepares to invest billions in infrastructure, the company’s total valuation—including the capital to be incorporated—cou…
US markets rally as tech stocks look to boost AI capabilities
US markets closed higher on Wednesday, as tech stocks reaped the benefits of investors once again brushing off fears of an AI bubble. Tech stock share prices boomed, following reports from Bloomberg that Open AI is close to finalising the first phase of a new funding round, which is expected to bring in more than $100bn (£74bn), according to people familiar with the matter. The record-breaking financing deal would give the start up additional ca…
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