OpenAI targets over $100 billion valuation in ongoing funding talks: report

OpenAI is reportedly in discussions to secure additional funding that could value the company at over $100 billion. This represents a significant increase from its previous valuation of $80 billion. The funding round will be led by Thrive Capital, which plans to invest $1 billion. Microsoft, which already holds a 49% stake in OpenAI and previously invested $10 billion, is also said to be participating in the round. OpenAI’s valuation has seen a remarkable rise since last year when it was valued at $29 billion. The success of its AI chatbot ChatGPT has been a major contributing factor. However, competition from tech giants like Amazon and Google has tempered investor enthusiasm. Despite this, OpenAI continues to introduce new features for ChatGPT users. The company is now preparing to launch its next-generation AI product called Strawberry, focusing on AI problem-solving features. OpenAI has recently unveiled its AI-powered search engine, SearchGPT, which is undergoing testing. Concerns have been raised about OpenAI’s long-term sustainability, with some commentators expressing doubts about the company’s ability to survive without raising substantial funds.