PYMNTS.com August 28, 2024
OpenAI reportedly aims to raise “several billion dollars” in a funding round that would value at above $100 billion.
The round is being led by Thrive Capital and will include participation by Microsoft, The Wall Street Journal reported Wednesday (Aug. 28), citing unnamed sources.
OpenAI did not immediately reply to PYMNTS’ request for comment.
When employees sold shares in late 2023, OpenAI was valued at $86 billion, according to the report.
The latest funding round comes at a time when there is fierce competition in the artificial intelligence (AI) space, but OpenAI’s ChatGPT remains the market leader with hundreds of millions of monthly users, the report said.
Staying on the cutting edge of AI will require billions of dollars in...
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