OpenAI Eyes $100B Valuation With New Funding: Report

OpenAI, an Artificial Intelligence firm is reportedly planning to secure fresh funds from some of the biggest firms that would likely see its value soar to $100 billion. It also emerged that OpenAI is in the process of negotiation for new capital which if it records billions as the value could be so mind-blowing. The firm looked forward to having a higher valuation of at least more than $100 billion. It is believed that the round will involve investors such as Thrive Capital and Microsoft.

Last year, its staff offered shares, and analysts estimated the company behind ChatGPT to be worth $86 billion. OpenAI, an artificial intelligence firm, is reportedly discussing the prospect of securing fresh capital in a new funding round, which could potentially raise its market valuation to over $100 billion. Experts consider that with this new funding, some of the leading companies and venture capitalists will participate. The clients or investors involved in the purchase of shares.

OpenAI Seeks New Funding

OpenAI has been said to be planning new funding which could see the company’s valuation reach a centennial billion. The Wall Street Journal report suggests the valuation may increase by billions, led by Thrive Capital with participation from companies like Microsoft.

Last year, the staff offered shares, estimating the company behind ChatGPT to be worth $86 billion. The data adoption and AI craze escalated after OpenAI’s $29 billion valuation last year, now with revenues surpassing $2 billion. Thrive Capital plans to raise $1 billion, joining the largest funding round ever, post Microsoft’s £10bn investment in January 2023.

The report states that shareholders are selling their stakes at a valuation exceeding $103 billion. Users worldwide find the company’s growth impressive, especially with new product enhancements. In the latest news, OpenAI released a critical improvement that allows developers to fine-tune GPT-40 with particular data sets. The upgrade will improve the performance of the model in addition to a decrease in the cost.

Impact on AI Coins

The buzz around AI companies and top firms has created activities in such movements within the crypto space. In Q1 2024, AI resources, including AI coins, surged after the US Securities and Exchange Commission approved the spot Bitcoin ETF, boosting the overall market sentiment. Still, after the recent correction, most of the users have noted possible highs in the support of positive developers. Nvidia, a leading AI chip manufacturer, posted strong Q2 earnings, triggering more speculation.