OpenAI is in talks to raise billions of dollars at a valuation of more than $100bn, as the ChatGPT maker looks to capitalise on its early lead in the booming artificial intelligence sector.
The San Francisco-based company is talking to venture capital firms including Thrive Capital, which is set to invest $1bn and lead the round, as well as other investors, according to two people with knowledge of the situation.
Terms for the new financing have not been finalised, added the people, but the deal is expected to raise billions of dollars and value the company at more than $100bn, a significant step up from OpenAI’s current $86bn valuation.
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