OpenAI Raises $100 Billion in Fundraising, Becomes Second Most Valuable Startup in the US

ChatGPT chatbot developer OpenAI is preparing to launch a new funding round at a valuation of at least $100 billion, making it the second most valuable startup in the US after SpaceX.

If the funding round goes through as planned, OpenAI will become the second most valuable startup in the US, behind SpaceX, the business of billionaire Elon Musk, according to data from CB Insights.

Nhà phát triển chatbot ChatGPT OpenAI đã tạo ra cơn sốt AI và được Microsoft rót vốn 13 tỷ USD.

ChatGPT chatbot developer OpenAI has created an AI craze and received $13 billion in funding from Microsoft.

Bloomberg previously reported that the San Francisco, California-based company will allow employees to sell shares at a valuation of $86 billion as early as January 2024.

As artificial intelligence continues to advance, tech giants are pouring money into AI startups. Amazon.com and Alphabet have invested billions in OpenAI rival Anthropic. Salesforce has invested $4.5 billion in Hugging Face, and Nvidia Corp., the world’s largest semiconductor company by market capitalization, has disclosed more than two dozen investments in 2023.

OpenAI CEO Sam Altman is seeking new funding for a chip project codenamed Tigris that aims to compete directly with Nvidia.

In October 2023, the UAE's G42 investment fund announced a partnership with OpenAI "to provide cutting-edge AI solutions to the UAE and regional markets," but did not provide financial details.

G42 was founded in 2018 and is led by Sheikh Tahnoon bin Zayed Al Nahyan, national security adviser of the United Arab Emirates and chairman of the Abu Dhabi Investment Authority. SCMP , citing unnamed sources, said OpenAI is also in talks to raise about $8-10 billion from G42.

OpenAI had previously faced a leadership crisis when CEO Sam Altman was abruptly ousted by the board. At the time, some investors considered pulling all their money out of the company. However, after just five days of turmoil, Sam Altman was reinstated along with a new board of directors.

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