The artificial intelligence (AI) developer OpenAI has reportedly entered discussions with investors considering investing more than $100 billion into the company, according to individuals with knowledge of the situation.
According to a recent report by Bloomberg, sources familiar with the matter claim that investors who may invest funds into the AI developer have participated in preliminary discussions amid a surge of funding within the AI industry.
On Dec. 11, Cointelegraph reported that French AI startup Mistral AI closed a funding round worth approximately $415 million to continue its efforts in developing generative AI tools, chatbot development and customizable features.
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However, the OpenAI funding round is still reportedly not finalized, and vital information such as terms, valuation and the timing of the funding round has not yet been deliberated upon.
It noted that should it materialize, OpenAI would become the second-most valuable startup in the United States, trailing only behind the aerospace technology firm SpaceX.
OpenAI CEO Sam Altman has yet to comment publicly on social media about the funding round. However, he recently posted on X (formerly Twitter), reflecting on 2023 as the year people began to take an interest in AI.
it’s been a crazy year.
— Sam Altman (@sama) December 21, 2023
i’m grateful that we put a tool out in the world that people really love and get so much benefit from.
more than that, i am glad that 2023 was the year the world started taking AI seriously.
This follows recent reports indicating that OpenAI is persisting in its investment initiatives within the realm of other AI startups.
On Dec. 15, Cointelegraph reported that OpenAI had commenced the application process for the second cohort of its six-week program for AI startups, Converge 2.
The program has a total funding pool of $15 million, offering 15 qualifying firms the opportunity to receive $1 million each.
This initiative follows OpenAI’s inaugural funding program for AI startups in November 2022, where 12 applicants were granted $1 million each to further expand their AI ventures.
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