OpenAI seeks billions in funding at over $100 billion valuation
What's the story
OpenAI, the tech start-up behind the widely used ChatGPT, is reportedly in advanced talks to raise billions of dollars in a new funding round. According to The Wall Street Journal, this potential financial injection could raise the company's valuation to over $100 billion. The anticipated funding round is tipped to be spearheaded by venture capital firm Thrive Capital, with a significant investment of around $1 billion.
Participation
Microsoft may join funding round
In addition to Thrive Capital's potential contribution, tech giant Microsoft, an existing backer of OpenAI, is also tipped to participate in the funding round. However, neither OpenAI nor Microsoft have issued any official statements regarding their involvement in the funding round as of now.
AI impact
ChatGPT drives OpenAI's popularity
ChatGPT, a chatbot developed by OpenAI that can generate human-like responses based on user prompts, has significantly contributed to the company's popularity. This innovative technology has played a crucial role in driving up the valuation of the San Francisco-based firm. The potential funding round and subsequent increase in valuation, underscore the growing interest and investment in artificial intelligence technologies.