OpenAI Negotiates Multi-Billion Dollar Investment

OpenAI, the creator of ChatGPT, is in negotiations for a multi-billion dollar investment that could elevate its valuation beyond $100 billion.

The funding round is expected to be led by Thrive Capital with an investment of approximately $1 billion, as per the Wall Street Journal.

Microsoft (NASDAQ:MSFT), a current investor in OpenAI, is also anticipated to contribute, showcasing its ongoing support for the AI firm’s developments.

OpenAI, based in San Francisco, has witnessed significant valuation growth, primarily due to the success of ChatGPT, a chatbot celebrated for human-like conversational abilities.

This funding effort aligns with the increasing financial interest in AI technology. Thrive Capital’s investment underscores the firm’s confidence in OpenAI’s future growth.

While specific details of this funding round remain confidential, it reflects the surging interest in AI startups. OpenAI’s rising valuation signals the industry’s acknowledgment of ChatGPT’s influence and the vast potential of AI applications.