Dec 17 (Reuters) – OpenAI has held preliminary talks with some investors about raising funds at a valuation of around $750 billion, the Information reported on Wednesday.
The ChatGPT creater could raise as much as $100 billion, the report stated, citing people with knowledge of the discussions.
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Reuters could not immediately verify the report and OpenAI did not immediately respond to a request for comment.
If finalized, the talks would represent a roughly 50% jump from OpenAI’s reported $500 billion valuation in October, following a deal in which current and former employees sold about $6.6 billion worth of shares.
The potential fundraise underscores the AI sector’s unrelenting appetite for computing power as companies sprint to build systems that match or exceed human capabilities.
Companies including Nvidia and Oracle have signed multibillion-dollar AI deals with OpenAI this year. Still, investors reamain cautios, viewing for any indication that AI demand might be cooling or that the hefty investments are not paying off as expected.
Reporting by Shivani Tanna in Bengaluru; Editing by Alan Barona
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