From Fortune:



OpenAI is planning to raise a new round of funding at a valuation above $100 billion, which would make it one of the world’s most valuable startups. Investors are involved in discussions, but details have not been finalized. An earlier tender offer valued the company at $86 billion and saw high demand from investors. OpenAI’s valuation has soared after the release of the ChatGPT making the company very attractive to investors. The company is also discussing funding for a new chip venture with G42, seeking to compete with Nvidia in the AI chip market. Despite some leadership tumult, OpenAI has refocused on its products and is set to move forward. The company’s success has led to increased investment from other tech giants into rival AI startups.



Original: OpenAI valuation of $100B in sight with funding round