People familiar with the matter said that OpenAI plans to conduct a new round of financing at a valuation of no less than US$100 billion, and relevant negotiations are in the early stages. The ChatGPT developer ranks high on global startup value rankings, and this deal will further solidify its position.
Potential investors in the round have been involved in preliminary discussions, said the people, who asked not to be identified discussing private matters. According to people familiar with the matter, details such as the terms, valuation and timing of this round of financing have not yet been finalized, and adjustments are still possible.
If the funding round goes as planned, the artificial intelligence darling will become the second most valuable startup in the United States, behind Elon Musk's SpaceX, according to data from CBInsights.
OpenAI declined to comment.
OpenAI has also held discussions with Abu Dhabi's G42 to raise funds for a new chip joint venture, people familiar with the matter said.
The startup has discussed raising $8 billion to $10 billion from G42, one of the people said. All requested anonymity to discuss confidential information. It's unclear whether there is a connection between the chip joint venture and the company's broader financing plans.