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Sam Altman's OpenAI explores massive funding round at $750bn valuation
OpenAI is in early talks with private investors about raising fresh capital at a valuation of up to $750 billion
In a striking development, OpenAI is reportedly in early talks with private investors about raising fresh capital at a valuation of up to $750 billion.
According to The Information, the Sam Altman-owned AI startup is exploring a funding round that could raise tens of billions of dollars, with discussions said to be preliminary and subject to change.
If completed, the move would represent a sharp, notable jump from October, when the company facilitated a $6.6 billion share sale by current and former employees at a $500 billion valuation.
The development comes amid broader speculation that OpenAI is also laying the groundwork for a potential public listing.
Earlier, Reuters reported that the company was considering an IPO as early as the second half of next year, a move that could value OpenAI at $1 trillion.
A spokesperson then noted that the firm remained focused on building a durable business and advancing its mission around artificial general intelligence (AGI).
Meanwhile, Amazon is reportedly discussing a possible multibillion-dollar investment, alongside supplying OpenAI with advanced computing chips.
Despite ChatGPT boasting over 800 million weekly active users, OpenAI has yet to turn a profit, while Altman’s ambitious plans to spend hundreds of billions on AI infrastructure continue to fuel Wall Street’s growing bubble concerns.
