OpenAI in Talks for a Possible $100 Billion Funding Amid Rising Interest in AI Sector
Summary:
OpenAI, an AI development company, is reportedly in talks with investors considering an investment of over $100 billion. However, key elements of the deal, including terms and valuation, are yet to be discussed. CEO Sam Altman recently noted 2023 as the year global interest in AI started to rise. This news follows OpenAI's recent investment initiatives in other AI startups, including the launch of its second Converge 2 program.
OpenAI, a leading developer in the field of artificial intelligence (AI), is reportedly in conversation with potential investors who may pump over $100 billion into the firm, according to sources closely associated with these talks. Bloomberg recently reported that these financial backers, contemplating significant investments in the AI developer, have started initial negotiations, inline with the growing trend of financing in the AI sector. Nonetheless, critical details including the terms of the deal, company valuation, and the timeline of the funding round, remain undetermined as of now. Assuming this funding round materializes, this would position OpenAI as the second most highly valued startup in the United States, outshone only by SpaceX, the aerospace technology corporation. OpenAI's CEO, Sam Altman, hasn't publicly announced anything about the potential funding round on any social media platform, but, he recently shared a post on X (previously known as Twitter), recognizing 2023 as a landmark year when AI began to draw considerable attention.
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This development comes in the wake of recent communication that OpenAI continues its active investment efforts across the AI startup sphere. Cointelegraph reported on December 15 that OpenAI has kickstarted the application procedure for its second cycle of a six-week program aimed at AI startups, named Converge 2, associated with a cumulated funding sum of $15 million. It presents the chance for 15 select firms to obtain $1 million each. This comes after OpenAI's first funding scheme for AI startups in November 2022, under which 12 contestants had been granted $1 million each to boost their AI operations.
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Published At
12/23/2023 4:53:41 AM
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