OpenAI in Talks for $100 Billion Valuation Funding Round
Earlier this year, OpenAI's valuation reportedly increased to $80 billion from $29 billion the previous year.
OpenAI is in discussions to raise a new funding round that could value the artificial intelligence (AI) startup at over $100 billion. Thrive Capital is leading the round with a $1 billion investment, though details remain confidential.[1]
Read More: OpenAI Introduces GPT-4o
Earlier this year, OpenAI's valuation reportedly increased to $80 billion from $29 billion the previous year.
The Wall Street Journal reported that Microsoft, OpenAI’s largest backer, is also participating in this funding round. Microsoft has not commented on the matter.
This news comes shortly after OpenAI announced a prototype for its search engine, SearchGPT, which aims to provide users with fast and relevant answers. The tool is currently being tested with a small group and is expected to be integrated into ChatGPT in the future.
Microsoft has pledged to spend more than $10 billion on OpenAI, the company that released ChatGPT in November 2022 and ignited the demand for generative artificial intelligence.
The company has previously made a $300 million share sale at a valuation of $30 billion.
Recently, OpenAI, led by CEO Sam Altman, announced a multi-year partnership with Condé Nast. This collaboration will integrate content from brands such as Vogue and The New Yorker into OpenAI’s products, including ChatGPT and SearchGPT.
In May, OpenAI unveiled its latest innovation in AI, introducing the world to GPT-4o just one year after GPT-4's introduction. GPT-4o is available to all, including unpaid users.
A month earlier, OpenAI introduced a new voice-cloning tool. It comes with a caveat: strict controls will be enforced until safeguards are established to mitigate the risks of audio manipulation aimed at deceiving listeners.