Tags: openai | funding

OpenAI Raising New Funding at $100B Valuation

OpenAI Raising New Funding at $100B Valuation
(AP)

Friday, 22 December 2023 04:58 PM EST

OpenAI is in early talks to raise a fresh round of funding at a valuation at or above $100 billion, Bloomberg News reported Friday, citing people with knowledge of the matter.

The terms, valuation and timing of the funding round have not yet been finalized and could still change, the report added.

OpenAI has also held discussions to raise funding for a new chip venture with Abu Dhabi-based G42, according to the report.

Backed by billions of dollars from Microsoft, the non-profit governing the startup OpenAI kicked off the generative AI craze last November by releasing ChatGPT.

Both OpenAI and Microsoft did not immediately respond to Reuters' requests for comment.

In late November, OpenAI CEO Sam Altman said Microsoft will take a non-voting, observer position on the company's board.

OpenAI had ousted Altman on Nov. 17 without any detailed cause, setting off alarm bells among investors and employees. He was reinstated four days later with the promise of a new board.

© 2025 Thomson/Reuters. All rights reserved.


StreetTalk
OpenAI is in early talks to raise a fresh round of funding at a valuation at or above $100 billion, Bloomberg News reported Friday, citing people with knowledge of the matter.
openai, funding
161
2023-58-22
Friday, 22 December 2023 04:58 PM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
Newsmax2 Live
 
On Now:12:00a ET • Nuclear Now
Coming Up:2:30a ET • Jesus in Jerusalem: His Story
Get Newsmax Text Alerts

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
MONEYNEWS.COM
© 2025 Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved