In addition, OpenAI is nearing completion of a separate tender offer led by Thrive Capital, allowing employees to sell their shares at a valuation of around $86 billion. Despite recent negative press, including the temporary firing of CEO Sam Altman, the company is refocusing on product development. Other AI startups, such as Anthropic PBC and Hugging Face Inc., have also attracted significant funding, with heavy investments from Amazon, Google's parent company Alphabet, and Salesforce.
Key takeaways:
- OpenAI, the AI startup backed by Microsoft, is reportedly discussing a new funding round that could raise its value to over $100 billion.
- The company is also said to be in talks with Abu Dhabi-based fund G42 to raise between $8 billion and $10 billion for a new chipmaking venture, code-named Tigris.
- OpenAI's CEO, Sam Altman, is reportedly seeking to produce semiconductor chips that can compete with Nvidia's graphics processing units, aiming to create a lower cost alternative for AI workloads.
- OpenAI is also reportedly close to completing a separate tender offer led by Thrive Capital, which would allow its employees to sell their shares at a valuation of around $86 billion.