OpenAI nears 1st phase of $100 bn funding round

OPENAI IS CLOSE to finalis-ing the first phase of a new funding round that is likely to bring in more than $100 billion,according to people familiar with the matter, a record-breaking financing deal that would give the startup additional capital to build out its artificial intelligence tools.

- BLOOMBERG

As the ChatGPT maker prepares to spend trillions in infrastructure investment, the overall valuation of the company, including the eventual funding, could exceed $850 billion, according to some of the people. That’s higher than the $830 billion initially expected. The company’s pre-money value will remain $730 billion, said one person, all of whom asked not to be identified discussing private information.