OpenAI is reportedly trying to raise $100 billion at a valuation of $830 billion

OpenAI is in talks to raise up to $100 billion in a funding round that could value the ChatGPT maker at up to $830 billion, the Wall Street Journal reports. reported Thursdayciting anonymous sources.

The Wall Street Journal reported that the company aims to raise financing by the end of the first quarter of next year, and may ask sovereign wealth funds to invest in the round. Information first I mentioned News of the deal, though, said the fundraising would cost OpenAI $750 billion.

The funding will come in the form of OpenAI Committed to spending trillions of dollars and Strikes Deals around the world The company is trying to stay ahead in the race to develop artificial intelligence technology. The infusion of cash would also help the company spend it on inference, which it seems To be funded more with cash than cloud creditsWhich suggests that the company’s computing costs have increased beyond what partnerships and credits can support.

With the intensification of competition from competitors such as Anthropic and GoogleOpenAI had to Step on the gas To release new models and expand their presence in the ecosystem of developers and tools.

At the same time, there is broader sentiment around artificial intelligence Recently refrigerated As investors begin to doubt whether the same pace of debt-backed investment by giants such as Amazon, Microsoft, Oracle and OpenAI can be maintained in the long term. It also does not help keep chip production going restricted Due to a shortage in the supply of memory chips, which threatens to impact the broader technology sector.

OpenAI has also been rumored to be working on IPO As a means of raising tens of billions and financing its development efforts, which are currently said to be in place generation Annual run rate revenue is approximately $20 billion. There are also rumors that the company Flirting with Amazon For a $10 billion investment that would give the AI ​​lab access to the tech giant’s new computing chips.

If the fundraising happens, it would add a significant sum to OpenAI’s coffers, which currently has more than $64 billion, according to Pitchbook Data. The company was recently valued at approximately $500 billion Secondary treatment.

OpenAI did not immediately respond to a request for comment.