OpenAI in Early Talks for $100B Valuation in New Funding Round

Microsoft-backed AI startup also plans to raise funds for chip venture, competing with Nvidia Corp

OpenAI, led by Sam Altman, is in early talks to raise new funds at a valuation of at least $100 billion, marking a significant increase from its previous valuation of $90 billion.
Microsoft, one of OpenAI's biggest investors, has invested $13 billion so far, holding a 49% stake in the company.
OpenAI is also planning to raise funds for its chip venture, aimed at competing with market leader Nvidia Corp, with the funding amount estimated between $8 billion to $10 billion.
The company's success with ChatGPT has sparked a frenzy in the AI segment, with rivals Google and Meta Platforms still playing catch up.
OpenAI is also allowing some of its employees to sell their shares in a separate tender offer that values the startup at $86 billion.