OpenAI’s New Funding Round Could Exceed $100 Billion

OpenAI’s latest round of funding could reportedly value the startup at more than $850 billion.

The ChatGPT creator is close to concluding the initial phase of a new round of funding that is likely to take in upwards of $100 billion, Bloomberg News reported late Wednesday (Feb. 18), citing sources familiar with the matter.

The report characterizes this as a record-breaking deal that would give OpenAI more capital to develop its artificial intelligence (AI) tools as it prepares to make a multi-trillion dollar investment in infrastructure projects. Bloomberg notes that the $850-plus billion figure is higher than the $830 billion initially anticipated.

According to the report, the sources said the first portion of the funding round will mostly come from strategic investors such as Amazon, SoftBank, Nvidia and Microsoft.

Past reports have said Amazon was considering an investment of up to $50 billion in OpenAI, with SoftBank and Nvidia eyeing contributions of $30 billion and $20 billion, respectively. One of the sources told Bloomberg that, as part of their partnership, OpenAI is expected to expand its usage of Amazon’s chips and cloud services.

We’d love to be your preferred source for news.

Please add us to your preferred sources list so our news, data and interviews show up in your feed. Thanks!

In other AI news, PYMNTS wrote Thursday (Feb. 19) about the changing phase of enterprise investment in the technology.

Advertisement: Scroll to Continue

“Since artificial intelligence first went mainstream, the innovation has been framed as having an immediate impact,” that report said. “As a result, the goals for enterprise buyers have centered around productivity gains that happen upon implementation; quick, cost-saving wins that justify experimentation; and other early, easy victories.”

However, PYMNTS Intelligence’s February installment of The Enterprise AI Benchmark Report shows that inside corporate finance functions, a…

Source