PYMNTS.com September 23, 2024
OpenAI’s reported bid to raise $6.5 billion at a $150 billion valuation could signal a new era in artificial intelligence (AI) commercialization, potentially reshaping entire industries and sparking a fierce battle for market dominance.
The new valuation, which doesn’t include the money being raised, marks a big jump from the $86 billion figure established during OpenAI’s tender offer earlier this year. If successful, this fundraising effort would solidify OpenAI’s status as one of the world’s most valuable startups and signal a seismic shift in the AI industry.
“We’re seeing a consolidation of capital around clear winners in the general LLM [large language model] space — OpenAI, Perplexity, Mistral, LLaMA,” Hannah Chelkowski, co-founder and general partner at Blank Ventures, told PYMNTS....
Today's Sponsors
Today's Sponsor