OpenAI Valuation Surpasses $100 Billion: Partnership with G42 to Launch New Chip Company

Home Hardware OpenAI Valuation Surpasses $100 Billion: Partnership with G42 to Launch New Chip Company

According to Bloomberg, insiders report that OpenAI is currently pursuing a new round of funding, targeting a valuation of no less than $100 billion. Negotiations are still in the early stages, and terms regarding the financing, valuation, and timeline remain unsettled, with adjustments likely.

OpenAI is also in talks with Abu Dhabi's G42 to secure funding for a new chip joint venture. At the same time, Microsoft is expected to invest in this funding round, with Thrive Capital leading the initiative and planning to contribute approximately $1 billion. This financing progress brings OpenAI closer to surpassing a $100 billion valuation.

In a memo to employees, OpenAI's CFO Sarah Friar indicated that the company is actively seeking new capital, although she did not disclose further details. Sources reveal that discussions have been ongoing since at least December of last year.

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