OpenAI is in talks for a new funding round, with the AI company’s valuation set to reach $100 billion or more. Bloomberg reports, citing sources.
According to them, terms of the deal, the valuation, and the timeline of the round could still change — negotiations are in the early stages. The company declined to comment to the agency.
If the funding round proves successful, OpenAI would become the second most valuable American startup after Elon Musk’s SpaceX, according to CBInsights.
The company plans to complete a separate tender offer in early January 2024, allowing employees to sell their shares at a valuation of $86 billion.
In September, The Wall Street Journal reported a potential rise to $90 billion during a new securities sale. In April, the press reported that the AI startup raised $300 million at a valuation of $27–29 billion.
In January, it was reported that investments by Microsoft in OpenAI totaled $10 billion.