The artificial intelligence (AI) developer OpenAI has reportedly entered discussions with investors who are considering investing more than $100 billion into the company, as per individuals with knowledge of the situation.
According to a recent report by Bloomberg, sources familiar with the matter claim that investors who may invest funds into the AI developer have participated in preliminary discussions, amid a surge of funding within the AI industry.
On December 11, Cointelegraph reported that French AI startup Mistral AI closed a funding round worth approximately $415 million, to continue its efforts in developing generative AI tools, chatbot development and customizable features.
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However, the OpenAI funding round is reportedly still not finalized, and vital information such as terms, valuation, and the timing of the funding round has not been deliberated upon yet.
It noted that should it materialize, OpenAI would become the second-most valuable startup in the U.S., trailing only behind the aerospace technology firm SpaceX.
OpenAI CEO Sam Altman is yet to make any public comments on social media about the funding round. However, he recently posted on X (formerly Twitter), reflecting on 2023 as the year when people began to take an interest in AI.
it’s been a crazy year.
i’m grateful that we put a tool out in the world that people really love and get so much benefit from.
more than that, i am glad that 2023 was the year the world started taking AI seriously.
— Sam Altman (@sama) December 21, 2023
This follows recent reports indicating that OpenAI is persisting in its investment initiatives within the realm of other AI startups.
On December 15, Cointelegraph reported that OpenAI has commenced the application process for the second cohort of its six-week program for AI startups, Converge 2.
The program has a total funding pool of $15 million, offering 15 qualifying firms the opportunity to receive $1 million each.
This initiative follows OpenAI’s inaugural funding program for AI startups in November 2022, where 12 applicants were granted $1 million each to further expand their AI ventures.
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