2023-12-26 07:07:55
Better valuations: OpenAI might have its place alongside SpaceX
OpenAI, recognized for its flagship product ChatGPT, is in preliminary discussions for a new fundraising round, it is understood Bloomberg. The planned valuation exceeds $100 billion, according to sources familiar with the matter. Details, such as conditions and exact valuation, remain to be finalized. This step, if it comes to fruition, would position OpenAI as the second most valuable start-up in the United States, just behind SpaceX.
OpenAI also plans to carry out a token offering in January 2024, allowing employees to sell their shares at a valuation of $86 billion. This operation, led by Thrive Capital, attracted interest even exceeding the available supply. In addition, OpenAI has started discussions with the Emirati company G42, specializing in artificial intelligence, to finance a new chip project, with fundraising that might reach between $8 and $10 billion.
OpenAI is interested in super-powerful Tigris chips
Since the launch of ChatGPT, OpenAI has established itself as a rising star in Silicon Valley, with investments reaching $13 billion, including Microsoft (which currently owns 49% of its shares). This rise has sparked new interest in AI, profoundly influencing the technology landscape. In response, giants like Amazon and Alphabet invested billions in OpenAI rival Anthropic, while Salesforce invested in Hugging Face, valued at $4.5 billion.
The chip project, named Tigris, aims to compete with Nvidia, the current leader in the AI chip market. This marks a strategic diversification of OpenAI. Additionally, the company experienced a brief period of uncertainty following the unexpected dismissal of Sam Altman, who was quickly reinstated. This turbulence has pushed some investors to consider devaluing their shares. However, the return of Altman and the appointment of a new board of directors reassured the market, showing a desire for OpenAI to refocus on its products and its vision for the future.
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