OpenAI Aims for Funding with Valuation Surpassing $100 Billion! Poised to Become the Second Largest Startup in the United States, Only Behind SpaceX

AI chatbot developer OpenAI is reportedly seeking a new round of funding with a valuation exceeding $100 billion. If successful, OpenAI would become the second-largest startup in the United States, second only to Elon Musk’s SpaceX, with a valuation of $150 billion. While details such as financing terms, valuation, and timing have yet to be finalized, preliminary discussions have taken place with potential investors. In addition, OpenAI CEO Sam Altman is seeking funding for a chip manufacturing project called “Tigris,” which aims to produce AI chips to compete with NVIDIA and reduce the operational costs of OpenAI’s AI business. OpenAI is also in discussions with AI holding company G42, based in Abu Dhabi, to raise $8-10 billion for a joint chip company. The relationship between this chip business and OpenAI’s broader company financing activities is currently unclear. In October, G42 announced a partnership with OpenAI to provide cutting-edge AI solutions to the Arab League and the Middle East market.