{"id":16497,"date":"2024-08-29T09:42:27","date_gmt":"2024-08-29T06:42:27","guid":{"rendered":"https:\/\/forklog.com\/en\/openai-valuation-surpasses-100-billion-amid-investment-talks\/"},"modified":"2024-08-29T09:42:27","modified_gmt":"2024-08-29T06:42:27","slug":"openai-valuation-surpasses-100-billion-amid-investment-talks","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/openai-valuation-surpasses-100-billion-amid-investment-talks\/","title":{"rendered":"OpenAI Valuation Surpasses $100 Billion Amid Investment Talks"},"content":{"rendered":"<p>OpenAI is in discussions to secure new investments at a valuation exceeding $100 billion, according to <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2024-08-28\/openai-nears-funding-round-at-more-than-100-billion-valuation?srnd=phx-ai\">Bloomberg<\/a>, citing sources.<\/p>\n<p>Sam Altman&#8217;s startup has been in talks to raise funds since at least December. Thrive Capital is reportedly investing around $1 billion, the agency notes. <\/p>\n<p>On Wednesday, OpenAI&#8217;s <span data-descr=\"Chief Financial Officer\" class=\"old_tooltip\">CFO<\/span> Sarah Friar informed employees that the funds will support the company&#8217;s computational needs and cover operational expenses. <\/p>\n<p>Staff will be offered the opportunity to sell some shares later this year. Bloomberg highlighted that these discussions are in early stages and details have not been finalized.<\/p>\n<p>Previously, it was revealed that OpenAI is seeking more capital amid plans to introduce a new product called Strawberry.<\/p>\n<p><script async src=\"https:\/\/telegram.org\/js\/telegram-widget.js?22\" data-telegram-post=\"forklogAI\/5150\" data-width=\"100%\"><\/script><\/p>\n<p>In July, media reported that OpenAI could face a potential loss of $5 billion in 2024, which could deplete its funds within approximately 12 months without new investments.<\/p>\n<p>In June, Altman reported a doubling of the company&#8217;s annual revenue to $3.4 billion. This figure represents the income from the last month multiplied by 12. At the end of 2023, the figure was $1.6 billion, and last summer it was around $1 billion.<\/p>\n<p>Back in February, OpenAI <a href=\"https:\/\/forklog.com\/en\/news\/openai-concludes-share-sale-valued-at-86-billion\">completed a share sale<\/a> valued at $86 billion.<\/p>\n<p>In January 2023, the startup&#8217;s valuation was $29 billion.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>OpenAI is in discussions to secure new investments at a valuation exceeding $100 billion, according to Bloomberg, citing sources. Sam Altman&#8217;s startup has been in talks to raise funds since at least December. Thrive Capital is reportedly investing around $1 billion, the agency notes. On Wednesday, OpenAI&#8217;s CFO Sarah Friar informed employees that the funds [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":16496,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[438,52,1190],"class_list":["post-16497","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-artificial-intelligence","tag-investments","tag-openai"],"aioseo_notices":[],"amp_enabled":true,"views":"58","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/16497","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=16497"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/16497\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/16496"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=16497"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=16497"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=16497"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}