OpenAI Reportedly Raises US$11 Billion
OpenAI, the maker of ChatGPT, has reportedly received about US$11 billion at a US$1.25 trillion valuation, the first part of a larger round. The post OpenAI Reportedly Raises US$11 Billion appeared first on The Rio Times .
OpenAI, the San Francisco-based company responsible for the popular ChatGPT artificial intelligence system, has reportedly secured a staggering $11 billion in fresh funding, propelling its valuation to an impressive $1.25 trillion. This funding was announced as the initial portion of a larger round of investments. The exact details of the deal, including the investors and whether the $1.25 trillion valuation figure refers to the amount prior to or after the new funding, remain undisclosed as no official statement from OpenAI has been made.
Reports, based on information from sources familiar with the negotiations, suggest that the funding would put the company's value roughly 47% higher than the $852 billion valuation it disclosed in March. At this point, OpenAI is not publicly traded on an exchange, so individual investors cannot purchase its shares directly. The company's growth and its influence on the AI landscape have raised various policy questions that have been addressed in other articles.
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