OpenAI is allegedly in talks to secure a new round of multibillion-dollar funding, potentially pushing its valuation past $100 billion.
According to the Wall Street Journal, Thrive Capital is likely to lead the capital round, with an investment of approximately $1 billion.
Microsoft is also anticipated to participate, demonstrating its continuous commitment and engagement with the AI firm. Microsoft's cooperation has been critical in developing OpenAI's AI capabilities.
The San Francisco-based AI company's valuation has skyrocketed, thanks in large part to the popularity of ChatGPT, an AI-powered chatbot that delivers human-like responses during discussions.
This possible fundraising round represents a developing trend of strong financial interest in AI technologies. Thrive Capital's proposed investment reflects the venture firm's confidence in OpenAI's future success.
Though specifics of the fundraising round are still being revealed, this move reflects the growing interest and financial support for AI firms.
Speaking of AI giants, OpenAI, Adobe, and Microsoft have thrown their support behind California's AB 3211, a law that mandates the labeling of AI-generated content, as openness in digital material gains prominence ahead of the 2024 U.S. elections.
