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Just weeks after its dramatic leadership crisis, ChatGPT owner OpenAI is in the market for fresh funding that may value it at over $100 billion, report says

Dec 25, 2023 - businessinsider.com
OpenAI, the company behind the popular chatbot ChatGPT, is reportedly seeking a new round of investment that could value the firm at $100 billion or more. This comes just a month after a leadership crisis that saw CEO Sam Altman temporarily ousted and then reinstated. If successful, the fundraising could make OpenAI the second-largest US startup by valuation, following Elon Musk's SpaceX.

The company is also in discussions with G42, an Abu Dhabi-based AI firm, to secure funding for a chip project named Tigris, seeking between $8 billion to $10 billion. This news comes amidst a surge in the US stock market, largely driven by investor interest in AI. OpenAI has not yet responded to requests for comment.

Key takeaways:

  • OpenAI, the company behind ChatGPT, is reportedly seeking a fresh round of investment that could value the company at $100 billion or more.
  • If successful, this would make OpenAI the second-largest US startup based on valuation, after Elon Musk's SpaceX.
  • OpenAI has also been in talks with G42, an Abu Dhabi-based AI firm, to secure funding for a chip project, code-named Tigris, seeking $8 billion to $10 billion.
  • The company recently navigated a leadership crisis, with CEO Sam Altman being ousted and then reinstated within five days due to backlash from investors and employees.
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