February 20, 2024
OpenAI‘s annualised income not too long ago topped $1.6 billion on sturdy development from its ChatGPT product, up from $1.3 billion as of mid-October, information publication the Data reported on Saturday citing individuals with the data of the determine.

Information company Bloomberg reported final week that OpenAI is in early talks to boost a contemporary spherical of funding at a valuation at or above $100 billion.

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The phrases, valuation and timing of the funding spherical haven’t but been finalised and will nonetheless change, the report mentioned.

OpenAI has additionally held discussions to boost funding for a brand new chip enterprise with Abu Dhabi-based G42, based on the report.

It’s unclear if the chip enterprise and wider firm funding have been associated, the report mentioned, including that OpenAI has mentioned elevating between $8 billion and $10 billion from G42.

OpenAI is about to finish a separate tender provide led by Thrive Capital in early January, which might permit staff to promote shares at a valuation of $86 billion, based on the report.

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