OpenAI Seeks $100 Billion Funding Round Amid Surging Revenue and Chip Venture Plans

In a recent financial update, OpenAI has reported annualized revenue surpassing $1.6 billion, driven by the success of its ChatGPT product. The company’s revenue has seen significant growth from $1.3 billion in mid-October, according to a report from The Information. Alongside these developments, OpenAI is engaged in discussions to secure a new round of funding, with a potential valuation of over $100 billion. Details of this funding round, including the final valuation and timing, remain uncertain. OpenAI has also been exploring opportunities for a chip venture in collaboration with Abu Dhabi-based company G42, with funding in the range of $8 billion to $10 billion. Additionally, OpenAI employees are set to sell shares at a valuation of $86 billion through a tender offer led by Thrive Capital. These strategic moves showcase OpenAI’s financial ambitions and provide employees with a chance to participate in the company’s success. As OpenAI continues to navigate funding talks and venture into new projects, the tech community eagerly awaits further details on the future trajectory of one of the leading players in artificial intelligence.