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 OpenAI Interested to Raise New Funding at Valuation of $100 Billion

OpenAI would be the second-most valuable US startup behind SpaceX

OpenAI is in early discussions to raise a fresh round of funding at a valuation at or above $100 billion, Bloomberg reports.

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Bloomberg on Openai startup

A deal that would cement the ChatGPT maker as one of the world’s most valuable startups.

Investors potentially involved in the fundraising round have been included in preliminary discussions, according to the people, who asked not to be identified to discuss private matters. Details like the terms, valuation and timing of the funding round haven’t yet been finalized and could still change, the people said.

If the funding round happens as planned, it would make the artificial intelligence darling the second-most valuable startup in the US, behind only Elon Musk’s Space Exploration Technologies Corp., according to data from CBInsights.

The company is set to complete a separate tender offer in early January, which would allow employees to sell their shares at a valuation of $86 billion, Bloomberg previously reported. That is being led by Thrive Capital and saw more demand from investors than there was availability, people familiar with the matter have said..

Image: OpenAI