openai's latest valuation target exceeds $100 billion, and it is negotiating a joint venture chip company with g42
2024-09-01
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according to bloomberg, people familiar with the matter said that openai plans to conduct a new round of financing at a valuation of no less than $100 billion, and the relevant negotiations are in the early stages. the details of the terms, valuation and timing of this round of financing have not yet been finalized and are still subject to adjustment. people familiar with the matter said that openai has also discussed with abu dhabi g42 to raise funds for a new chip joint venture.
openai is in talks for a new round of funding that values the company at more than $100 billion. microsoft is also expected to invest. openai is one step closer to a round of funding that would value the company at more than $100 billion, led by thrive capital, according to people familiar with the matter. thrive will invest about $1 billion in the round, one of the people said. openai chief financial officer sarah friar told employees in a memo on wednesday that the company is seeking new funding, but did not disclose details, the people said.
people familiar with the matter told the media at the end of last year that openai has been in early consultations since at least december last year.
